Hong Kong Stocks Open Little Changed Amid Oil, Rate Hike Concerns
MT Newswires Live
Sep 29
Hong Kong stocks opened little changed on Tuesday as investors weighed higher oil prices against expectations for resilient economic growth.
The Hang Seng Index opened marginally higher at 24,648.64, while the Hang Seng China Enterprises Index barely moved in positive territory to open at 8,227.19.
Markets priced in roughly a 70% chance of another Federal Reserve rate hike in October.
Brent crude rose 96 cents to settle at $105.28 a barrel, while U.S. crude gained 19 cents to $92.60, as uncertainty over U.S.-Iran talks kept concerns over energy supplies elevated.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.