HK stocks up on US rate cut expectations, China stocks down, mixed signals, neutral.

From Business Recorder: 2024-06-06 21:24:17

Hong Kong shares closed higher on Thursday amidst expectations of a US Federal Reserve rate cut in September. China stocks closed down. Data suggested a slowdown in the US labor market, boosting rate cut speculations. China’s services sector saw growth, hinting at a Q2 recovery. Hang Seng up 0.28%, Shanghai down 0.54%.



Read more at Business Recorder: HK stocks track regional markets higher; China slips – Markets