Hong Kong stocks were rocked by volatility on Friday with the benchmark teetering between positive and negative territory and nervous investors awaited more policy easing measures after the country’s central bank unexpectedly cut key benchmark rates this week.
The Hang Seng Index added 0.1 per cent to 17,021.31 at the close after falling as much as 0.5 per cent and rising 1.3 per cent to an intra day high. Still, the benchmark posted a 2.3 per cent weekly loss, the second consecutive down week. The Hang Seng Tech Index gained 0.7 per cent, while the Shanghai Composite Index added 0.1 per cent.
E-commerce operator JD.com advanced 3 per cent to HK$102.30 and electric-vehicle maker BYD added 0.7 per cent to HK$235.80. Losers included China Unicom which sank 4.2 per cent to HK$6.83 and online travel agency Trip.com Group which lost 2.2 per cent to HK$340. Live-streaming commerce operator East Buy Holding tumbled 23 per cent to HK$9.50…
