Market Wrap: Hang Seng posts longest winning streak since Jan 2011

Hong Kong stocks closed flat on Friday as gains by automakers and home appliances firms were capped by the mainland central bank’s comment that no major economic stimulus measures were in the pipeline.

The benchmark Hang Seng Index added 33.05 points, or 0.15 per cent, to close at 21,551.76. This is the longest winning streak for the gauge since January 2011.

China’s government would not provide big economic stimulus and a strong rebound in growth was unlikely, Song Guoqing, an adviser to the People’s Bank of China, said in a speech on Thursday.

via Business feed http://www.scmp.com/comment/blogs/article/1065103/market-wrap-hang-seng-posts-longest-winning-streak-jan-2011