Hong Kong stocks end firmer on dovish Fed stance [Reuters]
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Source: Reuters
Hong Kong stocks end firmer on dovish Fed stance | Reuters 4 Min Read * .HSI +1.08 pct, .HSCE +1.27 pct * Financial sub-index is 1.4 pct higher; property up 1.1 pct * HSI ends Jan 8.1 pct higher, biggest pct gain since Jan 2018 HONG KONG, Jan 31 (Reuters) - Hong Kong’s main Hang Seng index ended higher on Thursday, while China’s H-shares index also closed firmer tracking gains in China market, after the U.S. Federal Reserve pledged to be patient with further interest rate hikes. ** At the close of trade, the Hang Seng index was up 299.62 points or 1.08 percent at 27,942.47. The Hang Seng China Enterprises index rose 1.27 percent to 11,035.73. ** The Hang Seng Index jumped 8.1 percent this month, while the Chinese Enterprises Index rose 9 percent, both marking their biggest monthly percentage gain since January 2018. ** The sub-index of the Hang Seng tracking energy shares closed 1.2 percent firmer, while the IT sector ended up 1.21 percent, the financial sector ended 1.37 percent high
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