Stocks re­bound ahead of Fed de­ci­sion

China Daily (Hong Kong) - - NATION | DIGEST -

Hong Kong stocks re­bounded from a one-month low as in­vestors await the US Fed­eral Re­serve’s de­ci­sion on Wed­nes­day on whether it will cut stim­u­lus, and as the Chi­nese main­land’s for­eign di­rect in­vest­ment gained last month. Hutchi­son Wham­poa Ltd, a diver­si­fied com­pany con­trolled by Li Ka-shing, gained 3.3 per­cent af­ter a per­son with knowl­edge of the mat­ter said its re­tail arm would be val­ued at more than $20 bil­lion in an ini­tial pub­lic of­fer­ing. The Hang Seng In­dex gained 0.3 per­cent to 23,143.82 at the close in Hong Kong af­ter fall­ing to its low­est since Nov 15 on Tues­day. The Hang Seng China En­ter­prises In­dex of main­land shares, also known as the H-share in­dex, ad­vanced 0.6 per­cent to 10,961.54.

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