Hong Kong :
Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers.
The yen sat around two-month lows after taking a hit in the wake of minutes showing Federal Reserve decision-makers were split on last month’s bumper interest rate cut while a top official sparked questions about how many more could be in the pipeline.
Chinese investors were settling down after a volatile start to the week that saw mainland and Hong Kong markets whipsaw as the euphoria over last month’s stimulus was dampened by a news conference that failed to unveil more measures or give details on those already announced.
Traders welcomed news that the People’s Bank of China had released details of a “swap facility” that will allow “qualified securities, funds and insurance companies” to access more than $70 billion in liquidity to purchase equities.
