Hong Kong stocks closed higher on Wednesday (21 Aug), Reuters reported.
Meanwhile, “markets bet on central banks to ease policy and stave off fears of global economic slowdown amid consistent headwinds from the Sino-U.S. trade dispute.”
On that note, the Hang Seng index was up 0.2% at 26,270.04 points at the close of trade; whereas, the Hang Seng China Enterprises index ended 0.4% firmer.
The report also highlighted that the sub-index for energy shares closed 0.1% down, while the IT sector settled down 0.5%. On the other hand, the financial sector ended 0.2% higher and the property sector closed up 0.6%.
Markets bet on central banks to ease policy and stave off fears of global economic slowdown amid consistent headwinds from the Sino-U.S. trade dispute.
“Asian shares flatlined as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going,” the report commented.
