Bloomberg (18/12) -- Hong Kong stocks rebounded from a one-month low as investors await the Federal Reserve’s decision today on whether it will cut stimulus, and as China’s foreign direct investment gained last month.
China Shenhua Energy Co., the nation’s biggest coal producer, rose 1.2 percent on higher production. Hutchison Whampoa Ltd., a diversified company controlled by Li Ka-shing, gained 3.3 percent after a person with knowledge of the matter said its retail arm would be valued at more than $20 billion in an initial public offering. Kunlun Energy Co. slumped 3 percent as shares of the gas supplier resumed trading after its chairman stepped down amid a graft probe. Sands China Ltd. and Wynn Macau Ltd. both dropped after the casino operators extended record gains yesterday.
The Hang Seng Index gained 0.3 percent to 23,143.82 at the close in Hong Kong after yesterday falling to its lowest since Nov. 15. About three shares climbed today for every two that declined on trading volume 19 percent below the 30-day average. The Hang Seng China Enterprises Index, also known as the H-share index, advanced 0.6 percent to 10,961.54.
Futures on the Standard & Poor’s 500 Index rose 0.2 percent after the equity gauge lost 0.3 percent yesterday. There is about a 60 percent chance the central bank today will announce a reduction in $85 billion of monthly bond buying, according to Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., which oversees about $2 trillion as the world’s largest manager of bond funds.
sumber : rf-berjangka.com