Hong Kong stocks gain 3pc in morning trading
Hong Kong stocks rallied more than three percent in the morning session on Tuesday ahead of a key US Federal Reserve policy meeting later in the week. The Hang Seng Index jumped 3.31 percent to 15,174. The rally is in line with a surge across Asia as investors await the Fed's announcement on Wednesday, with hopes it will hint at a slowdown in the pace of rate hikes. Tech firms were among the biggest winners – led by Alibaba and Tencent – on bargain-hunting after a hefty sell-off saw some of the market's biggest firms plunge this year. The Shanghai Composite Index edged up 0.21 percent to 2,899.50, while the Shenzhen Composite Index added 0.24 percent to 1,891. (AFP)_____________________________
Last updated: 2022-11-01 HKT 10:49 