Hong Kong Stocks surges

The Hong Kong stock market advanced on Friday, 18 March 2016, sparked by the US Federal Reserve's decision to slow its rate rise pace. A surprisingly dovish tilt by the US central bank, halving the number of expected rate rises in 2016 to two, prompted investors to rebuild their bets on riskier assets. The benchmark Hang Seng Index added 167.82 points, or 0.82%, to 20671.63 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 109.18 points, or 1.24%, to 8883.01 points. Turnover increased to HK$92.8 billion from HK$70.7 billion on Thursday.

Powered by Capital Market - Live News