HK stocks end 4% higher on Fed rate hopes
Hong Kong stocks soared on Friday on growing optimism the Federal Reserve will not hike interest rates at its next meeting this month, while traders also welcomed the passage of a bill to avert a US default. The Hang Seng Index surged 4 percent, or 733 points, to 18,949. The Shanghai Composite Index climbed 0.8 percent, or 25 points, to 3,230, while the Shenzhen Composite Index jumped 1.2 percent, or 23 points, to 2,035. (AFP)