Source:
https://scmp.com/business/companies/article/1986519/hong-kong-shares-gain-dovish-fed-tone-interest-rates
Business/ Markets

Hong Kong shares gain from dovish Fed tone on interest rates

Risk-averse sentiment continues, boosting mining stocks, but turnover remains low

Investors at a stock trading hall in Changchun, the capital of northeast China's Jilin Province. Photo: Xinhua

Hong Kong stocks edged higher on Thursday as the mood was bolstered by the dovish tone of the minutes from the Federal Reserve’s June meeting, which suggested the odds of a rate hike are diminishing.

Risk-averse sentiment was strong as gold-related stocks climbed to one-year highs while market turnover remained at a low level.