(Bloomberg) -- Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesBiden Calls A
World markets wobbled in Thursday trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates. European markets opened mixed ahead of a busy day for corporate earnings. Later, the yen reversed its course and erased its previous gains.
Wall Street stocks followed London lower on Wednesday ahead of the latest Federal Reserve meeting this evening.