Hong Kong stocks edge up, Shanghai rallies

Hong Kong shares ended slightly higher Wednesday at the same time as Shanghai rallied after Chinese President Xi Jinping referred to a new infrastructure construction force, though investors stay concerned approximately a Covid outbreak in the USA And lockdowns.

The Hang Seng Index added 0.06 percent, or 11.65 points, to 19,946.36.

The Shanghai Composite Index rose 2.49 percent, or 71.86 points, to 2,958.28, while the Shenzhen Composite Index on China’s second exchange gained 3.94 percent, or 69.11 points, to 1,821.39.