HK, Shanghai stocks higher by lunch

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HONG KONG: Hong Kong and Shanghai were higher by the break Monday as Asian stocks broadly rose after comments from Federal Reserve boss Janet Yellen implied that interest rates could soon be lifted.

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The Hang Seng Index advanced 0.7 percent, or 143.01 points, to 20,719.78.

The benchmark Shanghai Composite Index edged up 0.18 percent, or 5.14 points, to 2,826.19 while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 0.12 percent, or 2.21 points, to 1,809.25. AFP

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