ZCZC
BCN-24
STOCKS-MARKETS-HONGKONG-CHINA-CLOSE
Hong Kong stocks rally on rate cut optimism
HONG KONG, July 11, 2019 (BSS/AFP) – Hong Kong stocks jumped on Thursday,
tracking a global advance after congressional testimony by the head of the
Federal Reserve all but confirmed the bank will cut interest rates at the end
of the month.
The Hang Seng Index rose 0.81 percent, or 227.11 points, to 28,431.80.
The benchmark Shanghai Composite Index edged up 0.08 percent, or 2.46
points, to 2,917.76, but the Shenzhen Composite Index, which tracks stocks on
China’s second exchange, lost 0.13 percent, or 1.94 points, to 1,548.93.
BSS/AFP/HR/1445