A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021.
(Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets open higher on Wednesday, while futures for Hong Kong's Hang Seng Index suggested a 4% rise for the index when trading starts.
HSI futures were at 19,763, compared to the index's last close of 19,000.
Chinese markets rallied yesterday after the country's central bank announced a slate of economic support measures, with the HSI seeing its best day in seven months, while mainland China's CSI 300 recorded its largest one-day gain in over four years.
Investors will be watching Australia's inflation numbers on Wednesday, with the consumer price index expected to post a 2.7% rise year on year, according to economists polled by Reuters.
Persons:
Vernon Yuen
Organizations:
Hong Kong Skyline, Getty Images, CSI, Reuters
Locations:
Hong Kong, Asia, Pacific