A screen shows stock and currency exchange data in Shanghai on September 29, 2022. Photo: EPA-EFE
A screen shows stock and currency exchange data in Shanghai on September 29, 2022. Photo: EPA-EFE

Hong Kong stocks advance as China hints at rate cut while Fed minutes signal less hawkish tilt in rate policy

  • China will use more monetary policy tools to help revive the economy, State Council says, stoking speculation the central bank will cut reserve ratio soon
  • Fed minutes from November’s policy meeting showed a significant majority of members turning less hawkish on rate increases

A screen shows stock and currency exchange data in Shanghai on September 29, 2022. Photo: EPA-EFE
A screen shows stock and currency exchange data in Shanghai on September 29, 2022. Photo: EPA-EFE
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