Hong Kong stocks gain the most in 2 weeks after Fed’s Powell hints at rate cut Yulu Ao Business – South China Morning Post

Hong Kong stocks rose on Monday after US Federal Reserve chair Jerome Powell signalled the possibility of a rate cut next month.
The Hang Seng Index added 1.2 per cent to 25,642.70 at 9.50am local time, the biggest gain in two weeks. The Hang Seng Tech Index rose 1.8 per cent. On the mainland, the CSI 300 Index gained 0.8 per cent and the Shanghai Composite Index strengthened 0.6 per cent.
Mining firm Zijin Mining surged 5.1 per cent to HK$24.04 and chipmaker SMIC jumped 3 per cent to HK$58.55….Hong Kong stocks rose on Monday after US Federal Reserve chair Jerome Powell signalled the possibility of a rate cut next month.
The Hang Seng Index added 1.2 per cent to 25,642.70 at 9.50am local time, the biggest gain in two weeks. The Hang Seng Tech Index rose 1.8 per cent. On the mainland, the CSI 300 Index gained 0.8 per cent and the Shanghai Composite Index strengthened 0.6 per cent.
Mining firm Zijin Mining surged 5.1 per cent to HK$24.04 and chipmaker SMIC jumped 3 per cent to HK$58.55….  Read More ​Business – South China Morning Post