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Hong Kong Market ends higher in quiet trade on Tuesday

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Capital Market
The Hong Kong stock market finished higher in quiet and narrow trade on Tuesday, 24 May 2016, as investors are awaiting for Fed Chair Janet Yellen's speech. Investors remained skeptical the U.S. Federal Reserve will raise short-term interest rates as soon as June, even after hawkish comments by three Fed officials overnight. A prevailing reluctance to make big bets before the Fed's policy meeting next month has kept trading quiet. The benchmark index opened up 18 points at 19,828, and moved within 156 points a whole day. The Hang Seng Index ended up 21 points or 0.1% to 19,830. The H-share index fell 1 point or 0.02% to 8,306. Turnover increased slightly to HK$44.7 billion from HK$43.8 billion on Monday.

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First Published: May 25 2016 | 8:50 AM IST

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