Hong Kong stocks snap three-day decline on hopes for Fed rate cut; Wharf, SHK rally

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Hong Kong stocks snap three-day decline on hopes for Fed rate cut; Wharf, SHK rally - SCMP

Quick Summary:

Hong Kong stocks rose, halting a three-day losing streak, as investors increased their bets that the Federal Reserve will cut rates later this month following a weak US jobs report.

Alibaba will start to solicit comments from merchants on accepting WeChat Pay, a digital-payment service offered by Tencent, on its e-commerce platforms.

A report on US payrolls is due on Friday, which will offer more clues on how the Fed will react to the job market data at its policy meeting.