Hong Kong stocks rose on Wednesday as
market participants forecast a slower pace of interest rate
hikes in the U.S. and possible policy stimulus in China.
** At the close of trade, the Hang Seng index was up 1.6
percent at 26,186.71, while the Hang Seng China Enterprises
Norway's DNO is sticking
to its offer to buy Faroe Petroleum for 152 pence per
share, valuing the company at about 610 million pounds ($761.65
million), insisting it is an attractive offer despite its
rejection by the Faroe board.
European shares opened higher on
Wednesday and were set for a second day of gains as sentiment
towards the Sino-US trade dispute lifted after U.S. President
Donald Trump sounded upbeat about a deal in a Reuters interview.
British Prime Minister Theresa
May could not have been surprised about the triggering of a no
confidence vote against her and wants to move on with it
quickly, the chairman of a Conservative committee which will
organise the vote said on Wednesday.