- Liquor distiller Kweichow Moutai gives up some of Wednesday's huge gains
- Sino Pharm (1099 HK) says revenue up 23.36 per cent, net profit up 13 percent in first half
Good day traders --
Well, we'll see whether the Fed's interest cut stirs any investor passions since it's been baked in the cake. "We took this step to help keep the U.S. economy strong in the face of some notable developments and to provide insurance against ongoing risks," Chairman Jerome Powell said, but left door open to more cuts if needed.
We'll be watching Kweichow Moutai (600519 CH) after its 5 per cent jump Wednesday. Blog readers will remember the prediction in Wednesday's blog by analyst Ken Lo that it could go up 15 per cent by October 1, when the 70th anniversary of the People's Republic of China will be celebrated.
We've got you covered on the main moves in the markets.
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--*Zhang Shidong in Shanghai and Deb Price in Hong Kong *
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