Log in to your IBTimes Account

close
ID
Password

HSI opened slightly higher as investors waiting for Fed's rate policy



30 April 2008 @ 02:43 am EST

Hong Kong's Hang Seng Index (HSI) Wednesday opened slightly higher by 84.12 points, or 0.32 percent, to reach 25998.27. The financial shares led the rise, such as the local banking stocks and Chinese-funded insurance stocks.

Related Topic

Get stories by e-mail on this topic.

  • HSI fed rate policy | RSS
E-mail:

CNOOC, China Shenhua, China Merchants International decreased in the top, while China Pingan, Hang Lung Properties, BOC Hong Kong rose in the top.

Analysts said that investors are more cautious today to wait for the Federal Reserve Board (FED)'s new interest rate decision. Earlier, market watchers expected the Fed would announce at Wednesday's conference to cut rate by 25 basis points.

HSI Tuesday closed up 0.97 percent to reach 25,914.15, the index touched a three-month high during the trading.

This article is copyrighted by International Business Times.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Global Markets
Stocks lost ground for a second straight session Friday following a worrisome reading on the nation's job market but pulled off of steep losses as invest...
Agriculture futures traded lower Friday on the Chicago Board of Trade. Wheat for December delivery fell 31.5 cents to $7.455 a bushel; December corn fell...
Russia's stock market continued a long slide Friday as the government intervened to prop up the ruble amid slumping oil prices and capital flight. The U....

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives