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
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data