HONG KONG: Hong Kong and China stocks were trading in positive territory Friday, recovering some ground from steep losses sustained earlier in the week.
The Hang Seng index was 189.6 points, or 0.69 percent, higher at 27,479.57 in early afternoon trade.
Chinese shares were also stronger by mid-session, on hopes for monetary easing after the government released weak trade data for April, dealers said.
The benchmark Shanghai Composite Index rose 1.26 percent, or 51.67 points, to 4,163.88.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, jumped 2.79 percent, or 60.89 points, to 2,242.19.
China’s exports dropped 6.4 percent year-on-year in April to $176.3 billion, while imports slumped 16.2 percent to $142.2 billion, according to official data.
