Shares in Hong Kong are declining as US concerns on the US index outweigh Wall St

Hong Kong stocks opened on Thursday and Chinese stocks were down despite earnings on Wall Street overnight as investors worried that Washington could register more Chinese companies.

Hong Kong’s Hang Seng index opened by 0.6 down while the Chinese CSI 300 changed slightly in the first round after Financial Times reports Wednesday that the US will add eight Chinese companies to its financial list due to concerns over control of the Uyghur Islamic minority.

Joe Biden’s executives are also expected to put some Chinese biotech companies on “list of items”, Which prohibits US companies from sending technology to American companies without permission.

Dawning Information Industry, a technology company expected to be added to the list, dropped to 1 percent in sales in the morning, while Sino Biopharmaceutical opened 1.1 down, continuing its decline sharply on Wednesday.

Shares of other companies expected to be added to the list went up Thursday. NetPosa Technologies jumped 6.3 percent, while Xiamen Meiya Pico added 3 percent.

Wuxi Biologics, whose shares fell nearly 20 percent on Wednesday when it feared to be included in the business listing, rose to 9.4 percent in the morning when the company said it could buy another $ 500m shares.

Shares elsewhere in Asia-Pacific were strong on positive sentiment in the US after The Federal Reserve has signed that it will begin to eliminate inflation. Topix and Nikkei 225 of Japan gained 1.5 and 2.1 per cent, respectively, while Kospi of South Korea rose to 1 per cent.

In the stock market, Brent’s contract for February rose by more than 1% to about $ 74 a barrel. Gold also rose 0.3 percent.

Wall Street futures soared as yields on the US 10-year Treasury note remained unchanged at 1.46 percent.

US stocks woke up very well On Wednesday afternoon, the Fed unveiled a hawkish interest rate forecast as well as a step-by-step plan to address the challenges facing the financial markets throughout the coronavirus epidemic.

Wall Street’s benchmark S&P 500 index, which fell nearly 0.2% earlier in the day, gained 1.6%, closing at its second highest level. The tech-heavy Nasdaq Composite also cut its 0.7 percent decline to sell 2.2 percent on the day.

Fed officials say they expect to raise US interest rates three times by 2022, having already split on inflation expectations next year.

The central bank also said it would increase the rate at which it would “disrupt”, or abolish, its major bond-buying program, reducing purchases by $ 30bn a month from January.

Investigators say the optimism in US businesses shows that investors are open to the Fed’s plans and do not expect to have a significant impact on price recovery from the epidemic.