Hong Kong Stocks Edge Up, Shanghai Slips

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-07-10 HKT 10:14

Share this story

facebook

  • Expectation is now for a smaller Fed rate cut – or even none at all. File photo: RTHK

    Expectation is now for a smaller Fed rate cut – or even none at all. File photo: RTHK

Hong Kong stocks ended the morning slightly higher on Wednesday following a two-day sell-off, with attention on testimony to Congress by the head of the Federal Reserve later in the day.

The Hang Seng Index rose 0.3 percent, to 28,205 by the break.

On the mainland, the Shanghai Composite Index slipped 0.5 percent, to 2,926, while the Shenzhen Composite Index was flat, at 1,558.

After a mildly positive lead from Wall Street and two days of selling, Asia investors trod a careful path.

Tokyo ended the morning slightly lower and Sydney rose 0.6 percent while Singapore put on 0.5 percent.

Seoul rose 0.4 percent, while Wellington jumped 0.6 percent and Taipei gained 0.5 percent with Manila and Jakarta also up. (AFP)

______________________________



Last updated: 2019-07-10 HKT 13:20

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more