HSI Edges Higher On Easing Concerns About Evergrande

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2021-10-18 HKT 17:30

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  • Dealers say weak mainland GDP data limited gains in local stocks on Monday. Image: Shutterstock

    Dealers say weak mainland GDP data limited gains in local stocks on Monday. Image: Shutterstock

Hong Kong shares closed higher after China's central bank moved to soothe concerns about the possible fallout from the crisis at troubled developer Evergrande, though gains were tempered by data showing a further slowdown in the Chinese economy during the third quarter.

The Hang Seng Index rose 0.31 percent, or 78.79 points, to 25,409.75.

The Shanghai Composite Index eased 0.12 percent, or 4.23 points, to 3,568.14, while the Shenzhen Composite Index on China's second exchange edged up 0.06 percent, or 1.53 points, to 2,402.04. (AFP)