Hang Seng flat amid hopes for monetary easing

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Source: Dukascopy Bank
Hong Kong's Hang Seng index traded almost flat on Friday as early losses were erased by investor hopes for soon monetary easing from POBC. Hang Seng index added 0.07% or 15.63 points and closed at 21,010.64. AIA Group gained 0.35% after insurer posted a 27% improvement in the value of its new business during the 1st quarter. On the downside Bank of Communications dropped 0.5% and Hong Kong Exchanges & Clearing fell 0.9%. Oil producer Cnooc lost 0.6%. 

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