Arab Today, arab today hong kong soars as asia stocks dollar advance
Last Updated : GMT 11:06:47
Arab Today, arab today
Arab Today, arab today

Hong Kong soars as Asia stocks, dollar advance

Arab Today, arab today

Arab Today, arab today Hong Kong soars as Asia stocks, dollar advance

Shares in Hong Kong powered 5.43% higher in early trade on Thursday
Hong Kong - AFP

Hong Kong shares powered ahead again on Thursday, extending the previous day's surge, and most other Asian equities markets were higher while minutes from the US Federal Reserve showed the policy board split on when to hike interest rates.
Wall Street provided a healthy platform for regional investors while the dollar ticked higher.
Hong Kong surged 5.43 percent, Tokyo added 0.65 percent and Seoul put on 0.15 percent, while Sydney was flat and Shanghai dipped 0.19 percent.
Shares in Hong Kong motored for a second day -- after a 3.80 percent run up Wednesday -- as mainland investors capitalise on the Stock Connect scheme with Shanghai that allows them to trade in the southern Chinese city.
While the programme was initially met with scant interest, mainland authorities' decision last month to expand the number of domestic fund-management firms allowed to buy stocks in Hong Kong has seen activity surge.
"The catalyst for the rally in Hong Kong was the allowance by the Chinese securities regulators to have Chinese mutual funds be able to invest in Hong Kong listed companies," Mark Matthews, Singapore-based head of Asia research at Bank Julius Baer & Co., told Bloomberg TV.
On Wednesday traders on both sides of the border for the first time used up their daily quota of deals allowed under the link-up.
Shanghai stocks have been rising for more than a year as retail investors bet -- often using borrowed money -- on authorities loosening monetary policy further to support the world's number two economy.
The central bank has already cut interest rates twice since November, while Premier Li Keqiang last month suggested the government had the weapons to support growth if necessary.
On currency markets the dollar rose to 120.28 yen from 120.14 yen in New York, and well up from 119.91 yen in Tokyo earlier Wednesday, after minutes from the latest Fed meeting were released.
The minutes revealed "several participants" thought conditions were right for a June rate hike, but others did not think the economy was strong enough for such a move until later in the year and "a couple" said 2016 was a better option.
Differences of views within the Fed countered an earlier market conviction that a June hike was now off the table.
"The FOMC minutes show there were a few supporters for a June rate hike," said Naohiro Nomoto, an associate for currency trading at Bank of Tokyo-Mitsubishi UFJ in New York.
"There seems to be serious talk of a June increase, so there was some dollar buying amid the hawkish tone," he told Bloomberg News
The euro bought $1.0769 and 129.52 yen against $1.0780 and 129.52 yen in US trade.
On Wall Street the Dow added 0.15 percent, the S&P 500 rose 0.27 percent and the Nasdaq gained 0.83 percent.
Oil prices rebounded after a steep fall on Wednesday that came in reaction to another huge rise in US stockpiles and record output in crude kingpin Saudi Arabia.
US benchmark West Texas Intermediate for May delivery advanced 47 cents to $50.89 a barrel and Brent crude for May added 51 cents to $56.06 in morning trade.
Gold fetched $1,198.98 against $1,210.60 late Wednesday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong soars as asia stocks dollar advance Arab Today, arab today hong kong soars as asia stocks dollar advance

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong soars as asia stocks dollar advance Arab Today, arab today hong kong soars as asia stocks dollar advance

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday