Hong Kong, Shanghai Stocks Resume Rally
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2019-03-21 HKT 10:26
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Hong Kong stocks kicked off on Thursday with gains as investors welcomed dovish comments from the Federal Reserve and an indication that it will not lift interest rates this year.
The Hang Seng Index gained 0.2 percent, to 29,369.
On the mainland, the Shanghai Composite Index gained 0.6 percent, to 3,109 while the Shenzhen market benchmark rose 0.7 percent, to 1,696.
The Federal Reserve earlier left its key interest rate unchanged and projected no rate hikes this year.
It announced it was keeping its benchmark rate – which can influence everything from mortgages to credit cards to home equity lines of credit – in a range of 2.25 percent to 2.5 percent.
Japan's markets are closed for a public holiday. (AFP)
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Last updated: 2019-03-21 HKT 12:39
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