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Indonesia News Portal for Traders | Financial & Business Updates

21 November 2024 09:52  |

Hong Kong Stocks Trade Slightly Higher

Hong Kong's shares increased by 37 points or 0.2% to 19,735 on Thursday, marking the second session of gains, mainly supported by gains from the consumer sector.

Investors considered remarks from Fed Boston President Susan Collins, who stated that additional interest-rate cuts are necessary, but added that policymakers should move neither too quickly nor too slowly.

At the same time, traders monitored Trump’s administration picks, particularly his choice for the Treasury secretary role. Gains were tempered by caution ahead of Hong Kong's October inflation data, due later today.

In September, the reading fell to a three-month low of 2.2%, below the forecast of 2.4%. Some of the early top performers were Hansoh Pharmaceutical (4.7%), Pop Mart Intl. (4.3%), Prada Spa (4.0%), and Geely Auto (2.4%).

Source: Trading Economics

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