HK stocks rise despite Fed hike
Hong Kong stocks jumped in the opening few minutes of trade Thursday as investors bet that the Federal Reserve's latest interest rate hike could be its last as US inflation eases. The Hang Seng Index rose 0.7 percent, or 137 points, to 19,502. The Shanghai Composite Index inched up 2 points, to 3,225, while the Shenzhen Composite Index on China's second exchange gained 0.1 percent to 2,039. (AFP)