Hong Kong rebounds from sell-off, eyes on Fed's Yellen

Asian traders await a speech from Federal Reserve chief Janet Yellen (pictured) hoping for clues about US interest ratesHong Kong was the stand-out stock market Thursday after five days of losses while Asian traders await a speech from Federal Reserve chief Janet Yellen hoping for clues about US interest rates. The Hang Seng Index in Hong Kong surged more than two percent, having given up three percent in the past five outings. Traders will be keeping a close watch on Yellen’s comments later Thursday as bets on a December rate hike increase following Friday’s forecast-beating US jobs report that reinforced recent data showing the world’s biggest economy is picking up.

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