Hong Kong Bourse May Continue To Rebound On Wednesday - Nasdaq
The global forecast for the Asian markets is positive, with bargain hunting likely for many of the oversold bourses. For the day, the index climbed 151. 98 points or 0. 62 percent to finish at 24,503. 94 after trading between 24,140. 62 and 24,947. 35 on turnover of 115. 27 billion Hong Kong dollars. Among the actives, HSBC climbed 1. 62 percent, while Sino Land jumped 1. 01 percent, Henderson Land slipped 0. 48 percent, Galaxy Entertainment shed 0. 74 percent, CITIC Limited spiked 1. 33 percent, PetroChina surged 2. 01 percent, CNOOC spiked... The Dow jumped 189. 68 points or 1. 1 percent to 17,630. 27, while the NASDAQ advanced 49. 43 points or 1 percent to 5,089. 21 and the S&P 500 surged 25. 61 points or 1. 2 percent to 2,093. 25. The strength was partly due to bargain hunting... A positive reaction to the latest earnings news also generated some buying interest, including UPS (UPS), drug giant Pfizer (PFE) and auto giant Ford (F). The rebound also came as traders looked ahead to today's Federal Reserve's highly... The Fed is widely expected to leave rates unchanged, but traders will closely analyze the accompanying statement for hints regarding an interest rate hike in September. Source: www.nasdaq.com
