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03/16/2017

Chinese market rises after Fed hike

Chinese market rises after Fed hike

 

The US Federal Reserve has decided to raise interest rates slightly, the first rise since December.

 

China's stock market rose over the Fed's rate hike, and commodity prices in emerging economies are rising as well. The stock market in Hong Kong also surged over 400 points in late-afternoon trading.

 

Analyst Hong Hao cautioned people not to read too much into the immediate market movements, as market sentiments are very high, especially in the developed world.

 

China's stock market, however, won't perform badly if the US market keeps doing well in the long run, Hong said.



    Editor:Albert | Source: Agencies


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