Hong Kong shares rally on Fed rate hopes

Hong Kong shares rally on Fed rate hopes
Updated on

Summary The benchmark Hang Seng Index in Hong Kong added 1.01 percent

HONG KONG (AFP) - Hong Kong stocks rallied more than one percent in the first few minutes of trade Thursday after another weak batch of US data reinforced hopes the Federal Reserve will delay raising interest rates until next year.

The benchmark Hang Seng Index in Hong Kong added 1.01 percent, or 227.51 points, to 22,667.42.

However, Shanghai s benchmark composite index slid 0.23 percent, or 7.41 points, to 3,255.03, while the Shenzhen Composite Index, which tracks stocks on China s second exchange, dropped 0.46 percent, or 8.72 points, to 1,875.44.

Browse Topics