Around the World's Markets: Hong Kong

Tuesday 18 May 1999 23:02 BST

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THE BLUE-CHIP Hang Seng Index finished with moderate gains in thin turnover ahead of the US Federal Reserve's policy-setting meeting on interest rates. None the less, technology shares gained, led by Hong Kong Telecommunications.

The Hang Seng Index closed up 38.50 points at 12,627. An analyst said: "Investors did not have any concrete commitment ahead of the Federal Open Market Committee meeting. As a result money has been chasing dreams."

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