Asian Market Updates

Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market has climbed higher in three straight sessions, surging more than 1,675 points or 8.7 percent along the way. The Hang Seng Index now sits just beneath the 19,925-point plateau although it may see profit taking as the day progresses on Friday.

The global forecast for the Asian markets is positive on continued optimism over the outlook for interest rates. The European and U.S. markets were higher and the Asian markets are expected to follow suit, although profit taking may take hold later in the day.

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by RTTNews Staff Writer

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