Previous Close | 17,763.03 |
Open | 17,760.68 |
Volume |
Day's Range | 17,740.62 - 18,217.82 |
52 Week Range | 14,794.16 - 20,361.03 |
Avg. Volume | 2,746,398,343 |
(Bloomberg) -- Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 30
Wall Street continued to push higher Thursday after markets swung to a mixed finish a day earlier on news that the Federal Reserve was delaying cuts to interest rates. On Wednesday, Federal Reserve Chair Jerome Powell said it will likely take “longer than previously expected” to get confident enough to cut rates, a move that would ease pressure on the economy and investment prices. At the same time, Powell said it was unlikely that a rate hike was coming at the Fed's next policy meeting in June, calming fears swirling in the market.
Wall Street stocks followed London lower on Wednesday ahead of the latest Federal Reserve meeting this evening.