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2021-05-26

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Hong Kong shares end at near 4-week high as inflation woes ease on dovish Fed

* HSI +0.88%, HSCE +0.58%, CSI300 +0.04%* Tech, real estate firms lead gains* U.S. Fed's Clarida dow

Hong Kong shares end at near 4-week high as inflation woes ease on dovish Fed

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The Hang Seng China Enterprises index    rose 0.58% to 10,855.58.</p><p>** Leading the gains, the IT sector    rose 1.07%, the property sector gained 1.29%, while the financial sector    ended 0.67% higher.</p><p>** U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance on Tuesday, boosting sentiment in Asian markets.</p><p>** China's yuan extended gains to a near three-year high, helping ease the pressure from rising prices of imports, analysts said.</p><p>** <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a>    rose 3.2%, among the top gainers of H-shares. Shares of China's smartphone maker Xiaomi Corp    rose 1.4% after the company said a U.S. court had removed its designation as a Communist Chinese Military Company and lifted all restrictions on U.S. persons buying or holding its stock.</p><p>** China's main Shanghai Composite index    closed up 0.34% at 3,593.36 points, while the blue-chip CSI300 index    ended up 0.04%.</p><p>** Around the region, MSCI's Asia ex-Japan stock index&nbsp;was firmer by 0.41%, while Japan's Nikkei index&nbsp;closed up 0.31%.</p><p>** The yuan    was quoted at 6.3948 per U.S. dollar at 08:14 GMT, 0.27% firmer than the previous close of 6.412.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCCI":"红筹指数","HSI":"恒生指数","HSCEI":"国企指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138954116","content_text":"* HSI +0.88%, HSCE +0.58%, CSI300 +0.04%* Tech, real estate firms lead gains* U.S. Fed's Clarida downplays concerns over inflationSHANGHAI, May 26 (Reuters) - Hong Kong shares closed at a near four-week high on Wednesday, led by tech and property stocks, as a strong yuan and U.S. Federal Reserve's dovish monetary policy stance soothed inflation concerns.** At the close of trade, the Hang Seng index    was up 255.15 points, or 0.88%, at 29,166.01, its highest closing level since April 29. The Hang Seng China Enterprises index    rose 0.58% to 10,855.58.** Leading the gains, the IT sector    rose 1.07%, the property sector gained 1.29%, while the financial sector    ended 0.67% higher.** U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance on Tuesday, boosting sentiment in Asian markets.** China's yuan extended gains to a near three-year high, helping ease the pressure from rising prices of imports, analysts said.** China Evergrande Group    rose 3.2%, among the top gainers of H-shares. Shares of China's smartphone maker Xiaomi Corp    rose 1.4% after the company said a U.S. court had removed its designation as a Communist Chinese Military Company and lifted all restrictions on U.S. persons buying or holding its stock.** China's main Shanghai Composite index    closed up 0.34% at 3,593.36 points, while the blue-chip CSI300 index    ended up 0.04%.** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.41%, while Japan's Nikkei index closed up 0.31%.** The yuan    was quoted at 6.3948 per U.S. dollar at 08:14 GMT, 0.27% firmer than the previous close of 6.412.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}