Hong Kong markets has edged up higher on Wednesday, bucking the regional trend as investors await the outcome of the U.S. Federal Reserve meeting where a 75-basis-point rate hike is expected.
The Hang Seng Index opened up 43 points, or 0.21% to 21,111 points, in contrast to markets in Japan, Korea and Australia which were weaker at the opening bell.
Surprisingly strong U.S. inflation data released on Friday has fuelled bets that the Federal Reserve must tighten monetary policy more aggressively to tame soaring prices.
