Asia-Pacific markets opened higher, tracking gains on Wall Street after the latest U.S. inflation data raised expectations that the Federal Reserve could cut interest rates next month.
Hong Kong’s Hang Seng Tech Index jumps over 2%
The Hang Seng Tech index, which tracks the some of the largest mainland Chinese technology companies listed in Hong Kong, rose over 2% to lead the rally among Asia-Pacific markets on Wednesday.
The top performer on the index was Tencent Music Entertainment, which surged over 14% as of 1:52 p.m. local time (1:52 a.m. ET).
Other top movers included Sunny Optical Technology Group, which rose more than 5%. Bilibili jumped 4.77%, while Alibaba traded 4.46% higher.
source: cnbc.com
