Asian stocks advanced as analysts view Fed tapering as a pro-growth action, supporting risk appetite. Hong Kong is also seeking to reopen its border with mainland China. Photo: Sam Tsang
Asian stocks advanced as analysts view Fed tapering as a pro-growth action, supporting risk appetite. Hong Kong is also seeking to reopen its border with mainland China. Photo: Sam Tsang

Hong Kong stocks snap 7-day slide as Fed tapering seen as ‘pro-growth’ signal while border reopening awaited

  • The markets’ main conclusion from the Fed move appears to have been a ‘pro growth’ theme, which boosted risk appetite, PGIM Fixed Income says
  • Hong Kong officials are discussing plans to allow quarantine-free travels to Guangdong province from as early as next month, Post reports

Asian stocks advanced as analysts view Fed tapering as a pro-growth action, supporting risk appetite. Hong Kong is also seeking to reopen its border with mainland China. Photo: Sam Tsang
Asian stocks advanced as analysts view Fed tapering as a pro-growth action, supporting risk appetite. Hong Kong is also seeking to reopen its border with mainland China. Photo: Sam Tsang

Corrected [2:47pm, 8 Nov, 2021]

  • [2:47pm, 8 Nov, 2021]

    Corrects the location of PGIM Fixed Income in the seventh paragraph

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