Hong Kong stock market expected to open higher following upbeat global market forecast

From Nasdaq: 2024-12-22 20:18:51

The Hong Kong stock market has fallen over 140 points in two straight sessions, with the Hang Seng Index hovering just above 19,720 points. The global forecast for Asian markets is cautiously optimistic, following improved interest rate outlooks. On Friday, the Hang Seng closed slightly lower due to mixed performances in various sectors. Despite this, major U.S. indices rallied, with the Dow gaining over 498 points. The positive sentiment was driven by slower than expected growth in personal consumption expenditures. Oil futures also settled higher as the dollar weakened, easing concerns about interest rate cuts.



Read more at Nasdaq: Higher Open Anticipated For Hong Kong Stock Market