The Hong Kong Hang Seng Index Thursday rose 1.12%, as traders embraced news that the U.S. Federal Reserve will not raise interest rates immediately, and now anticipates only two rate hikes in 2016, rather than four.
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One of the five Hong Kong booksellers, who had disappeared for months and reappeared in Hong Kong a week ago, has admitted to having smuggled “banned books” into mainland China.
The Hang Seng index dropped 0.5 percent to 20,179.19 points, while tThe Hong Kong China Enterprises Index lost 0.9 percent to 8,529.00.
Warner’s ramped up ambitions in the Middle Kingdom come as box office there is due to supplant North America’s as early as next year.
He said Cambodia can benefit from good relations with Hong Kong as Hong Kong is also a transit hub with Europe, the United States, South Korea and other countries and it can link Cambodia to the world.
Major indexes flitted between negative and positive territory all morning, but the CSI300 index was up 0.6 percent at 3,109.88 points by the midday break, while the Shanghai Composite Index gained 0.6 percent to 2,886.40. However, he played down the prospects of an imminent launch of a cross-sector super regulator that would potentially coordinate actions from various government finance officials.
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“Liu’s vow to help with the market’s recovery brought back some investor confidence”, said Castor Pang, head of research at Core-Pacific Yamaichi Hong Kong. Zhou Li, CEO of Shanghai Rationalstone Investment Management Co, said a continued recovery in China’s real estate market is possible and could lend key support to China’s economy. The European and USA markets were slightly higher and the Asian markets are expected to follow suit.
