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HK stocks close higher as investors cheer dovish Fed stance

Sumary of HK stocks close higher as investors cheer dovish Fed stance:

  • Article content SHANGHAI — Hong Kong stocks ended firmer on Thursday, in line with broader Asian markets, after the U.S…
  • ** The Hang Seng index closed 1.3% higher at 29,405.72, while the China Enterprises Index gained 1% to 11,470.43…
  • ** Leading the gains, the Hang Seng tech index and the Hang Seng industrials index climbed 1.2% and 1.7%, respectively…
  • ** “Hong Kong stocks will remain rangebound for the time being, given the recent correction in the A-share market that helped slowed down the pace of southbound flows via the Stock Connect linking mainland and the island city,”..
  • ** “Some mainland mutual funds, which invest both in the onshore market and Hong Kong, could need to sell Hong Kong stocks to deal with redemptions following recent declines in the onshore market,”……

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