Hong Kong’s Hang Seng Index rallied strongly today after the US Federal Reserve announced its decision to raise interest rates for the first time in nearly a decade.
The market responded positively to the widely anticipated move, which is seen as a sign of confidence in the strength of the US economy. Increased trading volume was observed across various sectors.
Analysts suggest that the initial positive reaction may be followed by a period of adjustment as investors digest the implications of the rate hike for global markets.
Key sectors that saw gains:
- Financials
- Technology
- Real Estate
Market participants will be closely monitoring upcoming economic data and Fed statements for further clues about the pace of future rate increases.
