HANG SENG INDEX (^HSI)
| Previous close | 19,376.53 |
| Open | 19,525.12 |
| Volume |
| Day's range | 19,342.96 - 19,602.24 |
| 52-week range | 14,794.16 - 20,361.03 |
| Avg. volume | 3,006,874,410 |
ReutersStocks drift, China unveils 'historic' steps for property
Global stocks eased on Friday after Federal Reserve officials hinted U.S. interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector. Data on Wednesday showed cooling US consumer price inflation, prompting markets to price in at least two rate cuts this year. Traders expect roughly two quarter-point cuts from the Fed this year, with November being the most likely starting point.
- Investing.com
Asian stocks dip as rate cut rally cools, China data underwhelms
Investing.com-- Most Asian stocks fell on Friday as warnings from a slew of Federal Reserve officials saw investors reassess expectations of interest rate cuts, while mixed economic readings from China prompted increased caution.
- Investing.com
Alibaba rallies to 7-mth high as ‘Big Short’ investor Burry increases stake
Investing.com-- Alibaba Group's (HK:9988) (NYSE:BABA) Hong Kong shares rallied to a seven-month high on Friday after Michael Burry’s investment firm hiked its stake in the e-commerce giant and several of its Chinese peers.
