Around the World's Markets

Click to follow
The Independent Online
HONG KONG

STOCKS surged on gains on Wall Street after five sessions of losses. The Hang Seng rose 341.95 points to 12,779.75, but investors are fear a possible US rate hike. Hong Kong rates usually follow the US as the Hong Kong dollar is pegged to the US currency. "Liquidity isn't strong because a rate hike remains a prime concern," said an analyst.

The biggest gainers were HSBC Holdings, Hang Seng Bank, Hutchison Whampoa and Swire Pacific.

Comments