Hong Kong stocks soar on US rate hopes
Hong Kong stocks soared almost four percent on Wednesday after a smaller-than-forecast rise in US inflation fanned optimism that the Federal Reserve will not need to hike interest rates further. The Hang Seng Index jumped 3.9 percent, or 682 points, to 18,079. The Shanghai Composite Index added 0.6 percent, or 16 points, to 3,072, and the Shenzhen Composite Index put on 0.7 percent, or 13 points, to 1,934. (AFP)