The Hang Seng Index opened 1.3% higher at 17,695.72 in Hong Kong. AIA Group Ltd. contributed the most to the index gain, increasing 3.6%. Li Auto Inc. had the largest increase, rising 5.1%. In early trading, 70 of 82 shares rose, while 8 fell; all sectors were higher, led by commerce and industry stocks. The…
The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England (BoE). The British pound rose to a one-month high of $1.28545 in early Asia trade, extending…
Gold held a two-day advance, with traders pricing in higher odds of an initial interest-rate cut from the Federal Reserve in September after Chair Jerome Powell told Congress he believes inflation is receding. The precious metal traded above $2,370 after a 0.3% gain the previous session as Powell wrapped up a second day of testimony in Washington, where…
