Hong Kong shares rise sharply ahead of Fed decision
Hong Kong stocks rallied sharply in early trading on Wednesday, with the benchmark Hang Seng Index rising 280 points - or 1.65 percent - in the first hour to 17,283. The Federal Reserve, currently dominates investor attention. The US central bank will make a decision on interest rates later in the day with markets expecting it to stay put but also indicate that rate cuts are on the way. (with additional reporting from Reuters)