HK stocks close up after Wall Street boost
Hong Kong shares closed Friday on the front foot as Asian markets tracked a rally on Wall Street despite disappointing US inflation data that cemented expectations for another big interest rate hike. The Hang Seng Index rose 1.21 percent to 16,588. The Shanghai Composite Index climbed 1.84 percent to 3,072, while the Shenzhen Composite Index on China's second exchange jumped 2.59 percent to 1,984. (AFP)