Hong Kong shares up 1.82 pct by midday

13:21, February 02, 2021

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  Hong Kong's economy down 6.1 pct in 2020

  HONG KONG, Jan. 29 (Xinhua) -- Hong Kongs economy declined by 6.1 percent year on year in 2020 as the COVID-19 pandemic disrupted business activities and dampened consumption, official data showed Friday.A man uses his phone as he sits under a banyan tree in an urban park in Hong Kong on January 15, 2021. (File photo: AFP)The gross domestic product (GDP) went down 3.0 percent in the fourth quarter last year, narrowing from the 3.6 percent drop in the third quarter, according to the advance estimates of the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government.A government spokesperson attributed the severe economic contraction mainly to the fallout from the COVID-19 pandemic.Consumption- and tourism-related sectors such as accommodation, food services and retail trade were particularly hard hit and recorded steeper declines than the overall economy, he said.

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  Hong Kong stocks open 0.62 pct higher

  File photo: CFPHONG KONG, Feb. 1 (Xinhua) -- Hong Kong stocks gained 174.14 points, or 0.62 percent, to open at 28,457.85 points on Monday.

• Hong Kong stocks close 0.32 pct lower

  HONG KONG, Jan. 27 (Xinhua) -- Hong Kong stocks closed down 93.73 points, or 0.32 percent, to 29,297.53 points on Wednesday.The benchmark Hang Seng Index traded between 29,194.37 and 29,636.63. Turnover totaled 255.12 billion Hong Kong dollars (about 32.92 billion U.S. dollars).