Hong Kong's shares increased 37 points or 0.2% to 19,735 on Thursday, marking the second session of gains amid strength mainly from the consumer sector.
Investors considered remarks from Fed Boston President Susan Collins, who stated that additional interest-rate cuts are necessary, but policymakers should move neither too quickly nor too slowly. At the same time, traders monitored Trump's administration picks, particularly his choice for the Treasury secretary role.
In China, stock markets were muted after the PBoC Wednesday held its key lending rates steady at record lows to help the economy, ahead of December's Central Economic Work forum and the upcoming Politburo meeting. Gains were tempered by caution ahead of Hong Kong's October inflation data, due later today. In September, the reading fell to a three-month low of 2.2%, below forecasts of 2.4%. Some of the early top performers were Hansoh Pharmaceutical (4.7%), Pop Mart Intl. (4.3%), Prada Spa (4.0%), and Geely Auto (2.4%).
Source: Trading Economics
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