Hong Kong shares have best day in 2 weeks ahead of Fed decision

PHOTO: Hong Kong shares have best day in 2 weeks ahead of Fed decision

HONG KONG- Hong Kong shares had their best day in two weeks on Wednesday, with gains in financials and property companies partly countering worries the US Federal Reserve may start tapering monetary stimulus.

The Hang Seng Index closed up 0.3 per cent at 23,143.82, while the China Enterprises Index of the top Chinese listings in Hong Kong rose 0.6 per cent. Both posted their biggest daily percentage gain since Dec. 2.

A statement following the Fed's policy-setting meeting is expected before Asian markets open on Thursday. Markets are waiting to see when the US central bank will start reducing its $85 billion-a-month bond-buying programme.

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