Hong Kong’s Hang Seng Index closes 1.48 pct higher

HONG KONG, May 3 (Xinhua) -- Hong Kong's stock market ended higher on Friday with the benchmark Hang Seng Index up 1.48 percent to close at 18,475.92. The Hang Seng China Enterprises Index jumped 1.71 percent to end at 6,547.29, and the Hang Seng Tech Index surged 2.74 percent to close at 3,971.29. Enditem

Ethereum ETF approval looks unlikely in U.S. amid slow Hong Kong launch

With the U.S. Securities and Exchange Commission (SEC) making its first decision on spot ether exchange-traded funds (ETFs) later this month, optimism around the regulator's decision has dimmed in the U.S., just as Hong Kong logged $11.2 million in trades of its first spot bitcoin and ether ETFs earlier this week.