Hong Kong stocks head for longest rising streak in 2 weeks

Hong Kong stocks head for longest rising streak in 2 weeks

US consumer confidence dropped and retail sales remained sluggish, leading the market to trade on a ‘bad news is good news’ narrative.

Hong Kong stocks head for longest rising streak in 2 weeks

Hong Kong stocks rose for a third day on Wednesday, heading for the longest streak in two weeks, as mounting expectations about an imminent cut in interest rates in the US drew investors back to the market. The Hang Seng Index advanced 0.6 per cent to 26,039.99 as of 10.17am local time. The Hang…