India, December 13 — The hong kong The stock market rebounded again on Tuesday, a day after ending the two-day winning streak in which it jumped more than 1,080 points or 5.5%. The Hang Seng index is now just below the 19,600 plateau and it is expected to reopen on Wednesday.
Global forecasts for Asian markets are positive before the of the Federal Reserve monetary policy announcement later in the day. Europe and WE markets were up and Asian exchanges were expected to open similarly.
The Hang Seng ended slightly higher on Tuesday after gains in properties, losses in financials and a mixed picture for technology companies.
For the day, the index climbed 132.57 points or 0.68% to end at 19,596.20 after trading between 19,382.30 and 19,707.75.
Among assets, Alibaba Health Info fell 4.48%, while ANTA-Sports fell 0.21%, Life insurance in China fell 0.66%, Mengniu Dairy Products in China gained 0.29%, China Petroleum and Chemicals (Sinopec) added 0.54%, Land of resources in China lost 0.58%, CNOOC climbed 1.52%, country garden strengthened by 1.61%, CPSC Pharmaceutical plunged 4.32%, Galaxy Entertainment climbed 2.43%, Hanging Lung Properties and Meituan both increased by 2.05%, Henderson Land jumped 4.41%, Gas from Hong Kong and China advanced by 1.39%, Industrial and Commercial Bank of China fell 0.52%, JD.com fell 0.87%, Lining jumped 1.76%, longfor fell 2.10%, Development of the new world climbed 3.23%, Technology industries tanked 3.11 percent, Xiaomi Corporation increased by 0.18%, WuXi Organic Products fell 0.96% and Alibaba GroupLenovo, CITIC and ENN Energy were unchanged.
The lead of Wall Street is bullish as major averages opened sharply higher on Tuesday, faded as the day progressed but still ended in the green.
The Dow Jones climbed 103.60 points or 0.30% to end at 34,108.64, while the NASDAQ jumped 113.08 points or 1.01% to close at 11,256.81 and the S&P 500 gained 29.09 points or 0.73% to finish at 4,019.65.
The first gathering on Wall Street followed the release of a Department of Labor consumer price report WE slightly less than expected in November.
However, buyer interest waned during the morning as traders seemed reluctant to make any significant beats ahead of the Fed’s rate decision later in the day. The Fed is expected to raise interest rates another 50 basis points, with traders likely to pay close attention to the accompanying statement for clues about the prospects for future rate hikes.
Crude oil prices rose sharply on Tuesday on concerns about supply disruptions amid the ongoing shutdown of the Keystone pipeline following a massive leak last week, while a Weak dollar also supported oil prices. West Texas Intermediate crude oil futures for January ended up $2.22 or 3 percent to $75.39 a barrel.
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