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Hong Kong: Stocks build on gains after Wall St rally

Hang Seng.jpg

[HONG KONG] Hong Kong stocks extended their rally Thursday following new records on Wall Street, with expectations for another US interest rate hike this year dented by a tepid Federal Reserve inflation outlook.

The Hang Seng Index rose 0.23 per cent, or 61.68 points, to 27,002.70 - its highest since June 2015.

But the benchmark Shanghai Composite Index slipped 0.12 per cent, or 3.90 points, to 3,243.77 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, shed 0.12 per cent, or 2.29 points, to 1,840.83.


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