Hong Kong stocks rally on Fed rate hopes
Hong Kong stocks rallied on Thursday on hopes the Federal Reserve may have brought its interest rate hiking cycle to an end, while traders were also optimistic China would press ahead with moves to kickstart its economy. The Hang Seng Index climbed 1.4 percent, or 273 points, to 19,639. The Shanghai Composite Index eased 0.2 percent, or 6 points, to 3,216, while the Shenzhen Composite Index shed 0.5 percent, or 9 points, to 2,027. (AFP)