Hong Kong stocks surge higher
Hong Kong shares closed higher on Thursday, following a wave of global investors betting on the US Federal Reserve cutting its key rate next year. The Hang Seng Index finished up 2.52 percent, or 418.69 points, at 17,043.53. The Shanghai Composite Index added 1.38 percent, or 40.09 points, to 2,954.70, and the Shenzhen Composite Index on China's second exchange rose 2.30 percent, or 40.87 points, to 1,817.38. (AFP)