ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Banks lead Hong Kong shares higher ahead of US rate decision

HSBC heads for 3-year high; Sunny Optical extends fall on monthly sales

HONG KONG (Nikkei Markets) -- Hong Kong shares advanced on Wednesday, with lenders leading after a financials-led rally on Wall Street overnight and as investors looked toward the U.S. Federal Reserve's interest-rate decision.

The Hang Seng Index had risen 0.3% to 28,873.21 by midday after dropping as much as 0.3% in early trading. London-headquartered bank HSBC Holdings added 1.6% to HK$79.60, poised for a fifth consecutive gain and its highest level since October 2014. China Construction Bank (CCB) and Industrial & Commercial Bank of China (ICBC) climbed 1.4% and 1%, respectively. Apple supplier Sunny Optical Technology Group had fallen 4% by the noon break, following Tuesday's 7.4% decline, after reporting a drop in November shipments to handset makers. AAC Technologies Holdings, also a supplier to the iPhone maker, slipped 2.6%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more