Hong Kong shares slipped on Friday but still ended up for the week as strength in some large caps on improving fundamentals offset days of weakness in Chinese developers after Premier Wen Jiabao doused hopes for eased property curbs.
The Shanghai Composite Index had its worst week in more than two months, slipping 1.4 percent, despite rising 1.3 percent on Friday in low turnover.
For the week, the China Enterprises Index of the top mainland listings in Hong Kong lost 0.4 percent while the Hang Seng Index rose 1.1 percent. On Friday, both indexes declined 0.2 percent.
China Overseas Land & Investment Ltd lost 4.7 percent and China Resources Land slumped 5.3 percent on Friday, bringing their weekly losses to 6.7 and 8.1 percent, respectively.
KSE ends trade on red boards
Red was the color as trading came to an end at Kuwait Stock Exchange (KSE) for Wednesday with the weighted index finishing at 459.11 points on a loss of 1 point, the price index at 7,503.61 points on
Silver up 1.3% on global cues, short-covering
Tracking a rebound in precious metals in global markets, silver futures rose sharply by 1.32% to Rs 46,503 per kg today as speculators created fresh positions amid covering-up of short positions.