HK stocks gain on US interest rate hopes - RTHK
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HK stocks gain on US interest rate hopes

2024-05-16 HKT 09:45
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  • Hong Kong stocks returned from the holiday with gains. File image: Shutterstock
    Hong Kong stocks returned from the holiday with gains. File image: Shutterstock
Hong Kong shares rallied out of the blocks Thursday as investors returned from a midweek break to news that US inflation had eased in April, fanning hopes for a Federal Reserve interest rate cut in the coming months.

The Hang Seng Index jumped 0.99 percent to 19,263.

The Shanghai Composite Index edged up 0.20 percent to 3,126, while the Shenzhen Composite Index on the mainland's second exchange added 0.39 percent to 1,766. (AFP)

HK stocks gain on US interest rate hopes