Hong Kong Market rises as Fed keeps rates on hold

The Hong Kong stock market ended higher on Thursday, 22 September 2016, as investors cheered the decision by the US Federal Reserve to keep rates on hold and scaled back expectations for rate rises over the coming years. The market's rise was led by a rally in property and resources stocks. The benchmark Hang Seng Index added 89.90 points, or 0.38%, to 23759.80 points. The Hang Seng China Enterprises Index, a benchmark measure of performance of mainland China enterprises, gained 44.74 points, or 0.45%, to 9893.80. Turnover increased significantly to HK$86.7 billion from HK$65 billion on Wednesday.

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