Hong Kong shares finished higher on Thursday after the Federal Reserve reduced the number of expected interest rate hikes this year, buoying global equities.
The Hang Seng index rose 1.2 percent to 20,503.81 points, while the China Enterprises Index gained 2.4 percent to 8,773.83.
Total trading volume of companies included in the HSI index was 1.7 billion shares. as Fed turns more cautious on rates
Hong Kong shares were soft on Tuesday, as the mood of many Asia investors turned cautious in the wake of a month-long rally.
The Hang Seng index fell 0.7 percent, to 20,011.58, while the China Enterprises Index lost 1.4 percent, to 8505.22 points.
Hang Seng, the benchmark index, has bounced roughly 10 percent off 3-1/2 year lows hit on Feb 12, aided by a recovery in oil and commodity prices and reduced concern about the global economy.
But investors have grown increasingly wary of the market’s near-term prospects ahead of policy meetings of the European Central Bank and the U.S. Federal Reserve.
On Tuesday, all main sectors fell in Hong Kong, with services and energy leading the declines.