The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0833 GMT – Hong Kong shares closed higher amid positive sentiment fueled by expectations the Federal Reserve is finished hiking rates, Saxo market strategist Redmond Wong said. However, investors should be wary of potential misses in corporate earnings due to still-high interest rates, Natixis senior economist Gary Ng said. The healthcare sector topped gains in the Hong Kong bourse. Sino Biopharmaceutical rose 5.7% and Wuxi Biologics (Cayman) advanced 4.5%. The property sector also gained, with Longfor Group Holdings and Country Garden Services rising 5.85% and 5.1%, respectively. The energy sector led losses, with PetroChina down 3.4% and China Shenhua Energy losing 3.05%. The benchmark Hang Seng Index closed 1.7% higher at 17966.59 and the Hang Seng Tech Index rose 4.1%. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
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