August 22, 2024 at 04:46 am EDT
(MT Newswires) -- Hong Kong shares staged a comeback on Thursday, snapping a two-day losing streak as investor sentiment improved following a tech rebound and clarity on possible US rate cuts.
The Hang Seng Index added 1.44%, or 249.99 points, at 17,641. The Hang Seng China Enterprises index rose 1.34%, or 82.46 points, at 6,224.24.
In the local equities market, Xiaomi (HKG:1810) led the rebound in tech stocks as its shares jumped 9% after posting a rise in attributable profit to 5.09 billion yuan for the second quarter of 2024.
Investor sentiment was further boosted by favorable updates regarding potential rate cuts by the US Federal Reserve.
Minutes from the Federal Reserve's July 30-31 meeting indicated that central bank officials were leaning towards easing monetary policy at the upcoming meeting, contingent on continued positive economic data.
In corporate news, insurer AIA Group (HKG:1299) rose 6% after reporting a substantial boost in attributable profit to $3.31 billion in the first half of 2023.

Sumber : MT Newswires