Equityworld Futures -In early trade Hong Kong stock exchange on Wednesday (14/12), the Hang Seng Index moving strongly, when it was observed rose 75.62 points or 0.34 percent at 22522.32. Strengthening Hong Kong driven rise in Wall Street which hit a new record.
Stocks closed again before dawn print new highs ahead of the US interest rate announcement. The Dow Jones rose 0.58 percent, to 19,911.21, with the highest rise in Intel shares. The S & P 500 rose 0.65 percent, to close at 2,271.72, with the energy sector leading the nine sectors higher. The Nasdaq composite index rose 0.95 percent, to 5,463.83.
Energy stocks led the rally. Shares of China Petroleum & Chemical Corporation, or Sinopec, rose 4.45 percent to HK $ 5.87 after Bloomberg reported that the company is considering an initial public offering of the retail business in Hong Kong next year that could raise as much as US $ 10 billion.
Equityworld Futures : Gold Prices Decline Ahead of Fed Interest Rate Decision US
PetroChina shares rose 3.47 percent to HK $ 5.95, followed by Kunlun Energy gained 2.59 percent to HK $ 5.95.
HSBC shares rose 1.17 percent to HK $ 54.65 lifted by continued stock repurchases and expectations of rising US interest rates.
Shares of mainland developers down. China Overseas Land & Investment is the worst performing blue chip shares fell 0.92 percent to HK $ 21.6.
Evergrande Group China shares fell 0.38 percent to HK $ 5.18 while China Vanke little changed, after the mainland insurance regulator said Tuesday that it would tighten rules on the purchase of shares of the insurer.
While the movement of the Hang Seng index futures this morning observed rose 61.00 points or 0.25 percent at 22,522.00, up from the previous closing at 22,458.00.
Analyst Equityworld Futures Research Center estimates that the movement of the Hang Seng Index will then be moved positively with gains on Wall Street. However, it should be observed that the Chinese market movements may affect Hong Kong. Technically, the Hang Seng Index will move in the range of 22.036 to 21.567 Support and Resistance range from 23.044 to 23.527.