With US inflation data for August coming in line with expectations, a quarter-point rate cut by the Fed is almost certain
Hong Kong stocks headed for the biggest weekly gain in six months after US inflation data solidified expectations of an interest-rate cut by the US Federal Reserve next week.
The Hang Seng Index rose 1.4 per cent to 26,450.16 as of 10.05am local time, taking the gain for the five-day period to 4 per cent and setting the benchmark on course for its highest close since August 21, 2021. The Hang Seng Tech Index gained 2.1 per cent.
On the mainland, the CSI 300 Index and the Shanghai Composite Index both climbed 0.3 per cent.
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