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China, Hong Kong stocks open higher as Trump victory bolsters stimulus bets
字号+ Author:Smart News Source:Business 2025-01-15 08:48:11 I want to comment(0)
China and Hong Kong stocks have opened higher, on track for their best week in a month, as investors await details of Beijing’s fiscal stimulus some expect will be forceful in the face of tariff threats from US president-elect Donald Trump, reports. The sentiment was also aided by a bullish Wall Street performance overnight as the Federal Reserve cut interest rates by 25 basis points (bps) as expected, adding fuel to a rally sparked by Trump’s election victory. Both China’s blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC opened roughly one per cent higher. In Hong Kong, the benchmark Hang Seng Index gained 1.2pc.
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