Hong Kong Stocks Rise for 4th Session
Hong Kong stocks rose 29 points, or 0.2%, to 19,781 in early trade on Wednesday, rising for a fourth session amid a sharp rise in U.S. stock futures after Wall Street hit another record high overnight, ahead of upcoming monthly U.S. jobs data and a speech by Fed Chair Powell.
Meanwhile, private survey data showed China’s services sector expanded for a 23rd straight month in November, although the pace of growth slowed from a three-month peak in October.
Consumer and technology stocks were mostly higher, following remarks from China’s central bank that it will adopt supportive policies next year and ease financing costs for businesses and households.
Source: Trading Economics