Hong Kong stocks open on positive note

Hong Kong stocks started with gains on Thursday as investors welcomed a dovish testimony by Federal Reserve boss Jerome Powell that reinforced hopes for an interest rate cut.

The Hang Seng Index rose 0.51% to 28 347.86.

The benchmark Shanghai Composite Index rose 0.44% to 2 928.06, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.51% to 1 558.84.

ZAR/USD
17.42
(+0.37)
ZAR/GBP
22.67
(+0.72)
ZAR/EUR
20.50
(+0.17)
ZAR/AUD
12.42
(+0.66)
ZAR/JPY
0.16
(+0.86)
Gold
1923.97
(+0.94)
Silver
25.09
(+1.03)
Platinum
923.00
(+0.27)
Brent Crude
44.46
(-1.09)
Palladium
2117.50
(+1.24)
All Share
57339.50
(+0.30)
Top 40
53000.88
(+0.32)
Financial 15
10190.96
(-0.24)
Industrial 25
76334.30
(+1.07)
Resource 10
58393.09
(-0.49)
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