Hong Kong stock mixed as traders seek catalysts from Budget plans and Fed signals sustained policy s …

hong kong stock mixed as traders seek catalysts from budget plans and fed signals sustained policy support

Hong Kong markets struggle for catalysts to extend recent gains with traders assessing dovish comments by the Federal Reserve on monetary policies amid rising bond yields. The city’s government is also set to unveil its budget and views on the economy after a record slump in 2020.The Hang Seng Index slipped 0.4 per cent to 30,520.42 as of 10am local time, after rising as much as 0.5 per cent on early Wednesday trading. The Shanghai Composite Index retreated 0.2 per cent.Sino Biopharmaceutial…

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