Hong Kong Stocks Rise Before Fed' s Decision; Chinese Properties Jump

Market Express12-10

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment