From Nasdaq Corporation:



The Hong Kong stock market saw losses, particularly in the technology and properties sectors, dropping 280.69 points or 1.69 percent to finish at 16,340.41. The U.S. and Asian markets experienced minor gains on Tuesday following positive news for Intel and expectations of a rate cut by the Federal Reserve.

On Wall Street, the Dow, Nasdaq, and S&P 500 moved up to close with gains. A surge by shares of Intel and optimism about the outlook for interest rates following last week’s consumer price inflation data contributed to the positive movement in the markets. Oil prices surged higher amid escalating tensions in the Middle East and concerns over trade disruptions following attacks on ships.

The global forecast for the Asian markets suggests mild upside on strength from technology shares and optimism over the outlook for interest rates. The European markets were mixed and flat and the U.S. bourses were up. The Hang Seng Index is expected to rebound on Wednesday after the sharp losses on Tuesday.



Read more: Renewed Support Anticipated For Hong Kong Shares