China and Hong Kong stocks have opened higher, on track for their best week in a month, as investors await details of Beijing’s fiscal stimulus some expect will be forceful in the face of tariff threats from US president-elect Donald Trump, Reuters reports.
The sentiment was also aided by a bullish Wall Street performance overnight as the Federal Reserve cut interest rates by 25 basis points (bps) as expected, adding fuel to a rally sparked by Trump’s election victory.
Both China’s blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC opened roughly one per cent higher. In Hong Kong, the benchmark Hang Seng Index gained 1.2pc.
Read more
On DawnNews
Dear visitor, the comments section is undergoing an overhaul and will return soon.