The Hong Kong stock market experienced mixed trading last week, but may see gains on Monday. Global markets are optimistic about interest rates, with European markets slightly lower and U.S. markets up. The Hang Seng Index closed slightly higher on Friday, with varied performances from different sectors. Major U.S. indices hit record highs, with the Dow up 0.37%, NASDAQ up 0.72%, and S&P 500 up 0.49%. Optimism about lower interest rates drove gains, but trading activity was subdued due to lack of economic data. Crude oil prices dropped on Fed’s message. Hong Kong will release August consumer price figures today.
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