Business Standard

Hong Kong Stocks surges on more dovish Fed

Image

Capital Market
The Hong Kong stock market advanced on Thursday, 17 March 2016, lifted primarily by information technology and machinery stocks and also supported by global equity gains after the U.S. Federal Reserve reduced the number of interest rate hikes expected this year. The benchmark Hang Seng Index added 246.11 points, or 1.21%, to 20503.81 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 202.47 points, or 2.36%, to 8773.836 points. Turnover increased to HK$70.7 billion from HK$58.7 billion on Wednesday.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 17 2016 | 9:20 PM IST

Explore News