Hong Kong: Stocks open on positive note

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HongKong: Stocks open on positive note

[HONG KONG] Hong Kong stocks started with gains on Thursday as investors welcomed a dovish testimony by Federal Reserve boss Jerome Powell that reinforced hopes for an interest rate cut.

The benchmark Shanghai Composite Index rose 0.44 per cent, or 12.76 points, to 2,928.06, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.51 per cent, or 7.97 points, to 1,558.84.

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Hong Kong: Stocks suffer another sell-off[HONG KONG] Hong Kong stocks ended with losses on Tuesday, extending the previous day's sell-off as hopes for a big Federal Reserve interest rate cut were dented by last week's strong US jobs report. Read more at The Business Times.
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