Hong Kong stocks rose on Wednesday as investors awaited clues about the Federal Reserve’s policy path in its final interest-rate decision of the year. Chinese property shares rallied on optimism over potential policy support.
The Hang Seng Index rose 0.4%, while the Hang Seng Tech Index climbed 0.5%.
In terms of star stocks, Vanke rose 13%; Meituan rose 3%; Baidu, Alibaba, and Laopu Gold rose 2%; Xiaomi and Mixue Group rose 1%; while NIO and XPeng fell 2%; Li Auto and Bilibili fell 1%.
Traders are anticipating a third consecutive Fed rate cut Wednesday, while the focus will be on the central bank’s latest dot plot, economic projections and comments from Chair Jerome Powell. Volatility around the decision has been among the defining characteristics of equity trading in the past six weeks, superseding concern about a potential AI bubble and the impact of President Donald Trump’s trade policies.
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