(Corrects to remove erroneous reference to Hong Kong dollar in
SHANGHAI Dec 30 Hong Kong shares rose around 1
percent on Friday, but the main indexes ended 2016 near where
they started after a volatile 12 months, punctuated by Britain's
vote to leave the European Union and Donald Trump's triumph in
the U.S. presidential election.
On the last trading session of the year, the Hang Seng index
added 1.0 percent, to 22,000.56 points, while the Hong
Kong China Enterprises Index gained 0.9 percent, to
All sectors in Hong Kong gained ground on Friday, with the
raw materials and services sectors among the best
But for 2016, the indexes were roughly flat.
The market suffered a brutal start to the year due to fears
that global economy might slip into recession.
With investors seeking healthy dividends, a subsequent
recovery gathered momentum until Britain's unexpected vote in
June to leave the EU briefly upset markets.
Once the Brexit shock faded, the market resumed its uptrend,
only to finally run out of steam after Trump's surprise victory
in November, which boosted the U.S. dollar against other Asian
Shen Weizheng, Shanghai-based fund manager at Ivy Capital,
said next year would be very unpredictable for the Hong Kong
market, with much depending on whether Chinese investors will
step up buying Hong Kong shares via the recently-expanded
cross-border investment schemes between the two markets.
(Reporting by Samuel Shen and John Ruwitch; Editing by Simon