Hong Kong: Stocks climb on Fed hopes at open
[HONG KONG] Hong Kong stocks rallied on Friday as investors grow increasingly confident the Federal Reserve will hold off hiking interest rates until next year, while Shanghai was supported by hopes for further Chinese economic stimulus measures.
The benchmark Hang Seng Index in Hong Kong added 1.07 per cent, or 245.42 points, to 23,133.59.
And the benchmark Shanghai Composite Index gained 0.61 per cent, or 20.23 points, to 3,358.30, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.66 per cent, or 12.86 points, to 1,954.14.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
Japan FX chief calls yen’s slump unusual, vows to act if needed
Trump’s meme stock is skyrocketing but for how long?
Europe: Stoxx 600 closes second-straight quarter with gains
US: Dow, S&P 500 end at records, adding to Q1 gains