HANG SENG INDEX (^HSI)
| Previous close | 16,828.93 |
| Open | 16,993.17 |
| Volume |
| Day's range | 16,934.65 - 17,217.86 |
| 52-week range | 14,794.16 - 20,361.03 |
| Avg. volume | 2,680,092,644 |
Barrons.comAsian Markets Rally As Tesla Lifts the Mood
Asian markets had a good day Wednesday, building on Wall Street’s optimism in the previous session and after hours. Hong Kong’s Hang Seng Index jumped 2.2%, extending its winning streak to three days.
- Reuters
EMERGING MARKETS-Stocks rally for third day; Indonesia delivers surprise rate hike
Emerging market stocks rose on Wednesday, extending their recovery for a third day, supported by a more than 2% jump in the Hong Kong, South Korea and Taiwan bourses, while Indonesia's rupiah strengthened after the central bank raised interest rates unexpectedly. The rupiah rose 0.4% against the dollar after Bank Indonesia's surprise 25 bps hike, in efforts to support the currency which has fallen to four-year lows on growing risk aversion and a delay in the expected timing of any U.S. policy easing. "We reckon that today's hike will prove to be a one-and-done, and continue to believe that BI will start a gradual normalisation of policy in Q4, as soon as headline inflation falls below its actual 2.5% target," said Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics.
Yahoo Finance UKFTSE 100 rally holds, Wall Street rises as Tesla leads gains while Europe slips
Tesla led the gains among megacap stocks after boss Elon Musk committed to developing cheaper electric vehicles in its quarterly results.
