Hong Kong stocks close higher
Hong Kong stocks closed on a positive note on Thursday as investors welcomed data showing US inflation came in lower than expected in May, cushioning a Federal Reserve forecast for fewer interest rate cuts that previously estimated. The Hang Seng Index climbed 1 percent, or 174 points, to 18,112. The Shanghai Composite Index fell 0.3 percent, or 8 points, to 3,028, while the Shenzhen Composite Index sank 0.6 percent, or 10 points, to 1,683. (AFP)