SHANGHAI – Hong Kong stocks ended higher on Thursday, as the new Federal Reserve policy statement marked a strong vote of confidence that the US recovery is on track, while domestic tech shares climbed on report of more policy support from Beijing.
At the close of trade, the Hang Seng index was up 121.75 points, or 0.43 percent, at 28,558.59. The Hang Seng China Enterprises index ended 0.25 percent higher.
The sub-index of the Hang Seng tracking energy shares traded steady, while the IT sector rose 0.29 percent, the financial sector ended 0.09 percent lower and the property sector dipped 0.24 percent.
The top gainer on the Hang Seng was BYD Co Ltd, which gained 8.25 percent, while the biggest loser was Haidilao International Holding Ltd, which fell 3.68 percent.
The Fed on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era bond-buying, and said the 15-month-old health emergency was no longer a core constraint on US commerce.