Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

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



30 April 2008 @ 02:43 am ET

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

*Name


advertisement
More Global Markets
No sooner had the markets opened for Monday trading in Asia overnight, that the fund-driven push towards $1200 reignited with full force. The synopsis of...
The pair is still on a sideways trend, trading at 1164.03 dollars per ounce, right now. The bands of Bollinger are narrow, hinting low volatility, while ...
Is oil becoming the poor man's gold? Oil prices are being dragged higher once again as gold continues its assault on all time highs. Oil of course does n...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives