Around the World's Markets: Hong Kong
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.STOCKS ended higher on hopes of a local interest rate cut. The Hang Seng rose 99.88 points, or 0.98 per cent, to close at 10,313.30.
Traders bet on a cut of at least 25 basis points when the Hong Kong Association of Banks meets today.
Hopes of a cut were encouraged by the Federal Reserve's quarter point cut in rates on Tuesday. Traders said a larger cut would push the market higher, but warned it would meet resistance if the Nikkei rose to 10,500.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments