Overbought Hang Seng Tipped To Open In The Red

From NASDAQ.: 2025-02-12 20:16:14

The Hong Kong stock market rebounded on Wednesday, closing just below 21,860 points after a soft start on Thursday. Global markets are uncertain due to interest rate concerns. The Hang Seng Index surged 2.64 percent with gains in property and technology sectors. Alibaba Group and Alibaba Health Info saw significant increases. Wall Street saw a drop following higher than expected U.S. consumer prices in January, leading to speculation about interest rates. Oil prices fell over 2.5% due to increased U.S. crude inventories. West Texas Intermediate Crude settled at $71.37 a barrel after three days of gains.



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