Hong Kong's stock market rose by 37 points, or 0.2%, to 19,735 on Thursday, marking its second consecutive session of gains, driven largely by strength in the consumer sector.
Hong Kong stocks trade slightly higher
Investors weighed comments from Fed Boston President Susan Collins, who emphasized the need for further interest rate cuts while urging policymakers to act neither too quickly nor too slowly. At the same time, traders were focused on Trump’s potential cabinet picks, particularly his choice for Treasury Secretary.
Stocks subdued after PBoC's rate moves
In China, stock markets were subdued after the PBoC kept its key lending rates at record lows on Wednesday to support the economy, ahead of December’s Central Economic Work Forum and the upcoming Politburo meeting. Gains in Hong Kong were limited by caution ahead of the release of October inflation data later today. In September, inflation fell to a three-month low of 2.2%, below the expected 2.4%. Among the early top performers were Hansoh Pharmaceutical (up 4.7%), Pop Mart International (up 4.3%), Prada Spa (up 4.0%), and Geely Auto (up 2.4%).
