Hong Kong Stocks Rise After Fed Raises Rates

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2022-07-28 HKT 09:39

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  • The Hang Seng Index rose by almost a fifth of a percentage point in early trading. Photo: RTHK

    The Hang Seng Index rose by almost a fifth of a percentage point in early trading. Photo: RTHK

Hong Kong stocks opened slightly higher on Thursday morning after the head of the Federal Reserve indicated the bank's pace of interest rate hikes could begin to slow down.

The Hang Seng Index added 0.17 percent, or 35.42 points, to 20,705.46.

The Shanghai Composite Index added 0.36 percent, or 11.75 points, to 3,287.50 percent, while the Shenzhen Composite Indexclimbed 0.49 percent, or 1064 points, to 2,205.19. (AFP)

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