Dec 14 Hong Kong stocks were flat on Wednesday,
despite Wall Street's gains and sustained strength in energy
shares, as investors cautiously awaited results of a Federal
The Hang Seng index was unchanged at 22,456.62, while
the China Enterprises Index lost 0.1 percent, to
Analysts say a hike of 25 basis points in U.S. interest
rates by the Federal Reserve is already priced in. But the
market will be focusing on the Fed's statement and economic
forecasts for clues on its thinking about rate rises next year
and how President-elect Donald Trump's policies may affect the
outlook for growth and inflation.
Sector performance in the city was mixed, with gains in
energy majors countered by declines in materials and
Expectations of rising oil prices gave energy shares
a boost, after OPEC and some non-OPEC oil producers
agreed at the weekend to cut output.
Shares of real estate developers fell for a third
day, hurt by rising borrowing cost concerns. The city's currency
peg toward the greenback ensures that interest rates follow
those of the U.S.
(Reporting by Jackie Cai and John Ruwitch; Editing by Richard