Hong Kong stocks rose on
Thursday as the Federal Reserve's less comments and decision to
keep interest rates unchanged improved investors' risk
Still, the benchmark index pared much of its early gains,
reflecting a cautious mood among investors after sharp climbs
over the past two months.
The Hang Seng index ended the session up 0.4 percent,
at 23,759.80, while the China Enterprises Index gained
0.5 percent, to 9,893.80 points.
The Fed left short-term rates unchanged, but signalled it
could hike rates by year-end as the labour market improved
further. It also cut the number of rate increases expected in
2017 and 2018, and reduced its longer-run interest rate
Nearly all main sectors rose.
Chinese railway stocks including CRRC and China
Railway Group jumped after China and Thailand agreed
on Wednesday to invest a total of 179 billion baht ($5.15
billion) in the first phase of a planned high-speed railway