Business News

HONG KONG, July 27, (APP/AFP) – Hong Kong stocks
extended their rally Thursday following new records on Wall Street, with expectations for another US interest rate hike this year dented by a tepid Federal Reserve inflation outlook.
The Hang Seng Index rose 0.23 percent, or 61.68 points, to 27,002.70
— its highest since June 2015.
But the benchmark Shanghai Composite Index slipped 0.12 percent, or
3.90 points, to 3,243.77 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, shed 0.12 percent, or 2.29 points, to 1,840.83.