Hong Kong stocks finished the session higher on Thursday, tracking gains in its peers in the region after the U.S. Federal Reserve said it was too early to consider rolling back emergency support for the economy.
By Reuters Staff
2 Min Read Hang Seng index ends down 0.04% China Enterprises index HSCE rises 0.02% IT sector up 0.37%, property down 0.27%
April 27 (Reuters) - Hong Kong’s Hang Seng index ended barely lower on Tuesday as regional investors trod cautiously ahead of comments from the U.S. Federal Reserve this week. At the close of trade, the Hang Seng index was down 11.29 points or 0.04% at 28,941.54. The Hang Seng China Enterprises index rose 0.02% to 10,983.46. The sub-index of the Hang Seng tracking energy shares dipped 0.4%, while the IT sector rose 0.37%, the financial sector ended 0.19% higher and the property sector dipped 0.27%. Investors will be scrutinizing the Federal Reserve’s comments on Wednesday at the close of its policy meeting for insight into its thinking on inflation, bond purchases and risks to the financial system posed by soaring asset prices. The top gainer on the Hang Seng was Meituan, which gained 2.62%, while the biggest loser was WuXi
Yum China, WH Group gain on strong Q1 earnings China set to report first population drop since 1949
SHANGHAI, April 28 (Reuters) - Hong Kong shares closed higher on Wednesday, with financials and consumer staples leading gains on the back of strong corporate earnings, while investors await cues on policy from politburo meetings due later this week. At the close of trade, the Hang Seng index was up 129.80 points or 0.45% at 29,071.34. The Hang Seng China Enterprises index rose 0.28% to 11,014.69. The sub-index of the Hang Seng tracking energy shares rose 0.1%, while the IT sector edged up 0.16%, the financial sector ended 0.97% higher and the property sector dipped 0.14%.
ASX to rise, Wall St edges lower
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Australian shares are poised to rise at the open, amid optimism for commodity prices. Federal Reserve policymakers struck a positive tone overall on the US economy though held, as expected, interest rates unchanged near zero.
ASX futures were up 18 points or 0.3% to 7059 near 6.57am AEST. The currency was 0.4 per cent higher.
The yield on the US 10-year note was 1 basis point lower to 1.61 per cent at 4.59pm in New York; it was at 1.64 per cent before the Fed statement was released.
At the post-meeting news conference, Fed boss Jerome Powell said there were no plans to lift interest rates or to slow purchases of securities.