The latest trading session has been a huge success and boosted the Hong Kong stock market. The shares in the Hong Kong stock exchange have performed really well.
The surge they have recorded is very significant for the entire Asia-Pacific market. This has happened because the investors currently do not have an interest in the US stock markets.
The Investors Await the Minutes
They have completely focused on the Hong Kong stock markets-based shares. This is because the US Feds are expected to release the minutes of their meeting.
The minutes would give an idea to the investors whether the interest rates will go up in the United States or low. Until the minutes are out, the investors have shifted their investments to the Hong Kong Stock Exchange.
This is the reason why the Hong Kong Stock Exchange has witnessed a great surge in the Wednesday trading session. The investors are still counting on the updates from the Feds.
Expectations of Investors
Many are expecting that the interest rates would continue going up. The Feds have hinted that the inflation rates are going to move higher in the entire year of 2023.
This goes to suggest that the Feds may continue increasing the interest rates to fight inflation. The dollar price would eventually go up and that is when the investors may make their move.
Hong Kong Stock Index Surged 3.08%
The report shows that the share prices for the Hang Seng index experienced a major boost. The latest data shows that a 3.08% surge has been recorded in the particular stock exchange in the latest session.
It was the final hour of the trading session in the Asia-Pacific market when the surge was recorded. This is when it was confirmed that the Feds were to start their meeting and the minutes will be out once it is over.
The performance of the Hang Seng Index has turned out to be the leading one in the entire region. No other index was able to match the level of the Hong Kong Stock Exchange (HKSE).
The Hang Seng Tech index also recorded the same surge in the recent trading session. A 3.08% surge has been recorded for the Hang Seng Tech index as well.
Mainland China’s Stock Performance
Then comes the Chinese stock exchanges where the Shenzhen Component has recorded a dip. On the other hand, the Shanghai Composite recorded a slight surge in the latest trading session.
In terms of percentage, the Shenzhen Component has recorded a 0.2% dip, falling to 11,095.37 points. While the Shanghai Composite has surged by 0.22%, moving up to 3,123.52 points.
Australian, South Korean, and Japanese Stock Exchanges
Other exchanges such as the S&P/ASX 200 have also recorded a pump moving up to 7,059.2 points. According to the statistics, it has recorded a 1.63% surge in the latest trading session.
Then comes the Kospi index from the South Korean Stock Exchange market. It has recorded a push, moving up by 1.79%. The particular index closed its trading day at 2,255.98 points.
The Kosdaq index was not lucky at all when compared to Kospi, as it has recorded a downward movement. The particular index has moved down by 1.29% and it is currently exhibiting a lower level with 683.67 points.
The Japanese Stock Exchange has also recorded a major slump in the latest trading session. The data shows that both the Nikkei 225 and the Topix indexes have demonstrated bad performances in the Wednesday sessions.
The report shows that the Nikkei 225 index has slipped by 1.44%, sliding down to 25,716.86 points. Whereas, the Topix index has recorded a 1.22% plummet.
It has also ended up losing points and it is currently sitting at 1,868.15 points. Despite the Japanese yen moving upward, the Japanese stock market has not been doing well.