Hong Kong stocks boosted by Fed rate optimism
Hong Kong stocks rose on Wednesday with most other markets across Asia following another record day on Wall Street fuelled by bets on the Federal Reserve cutting interest rates several times next year. The Hang Seng Index added 0.7 percent, or 108 points, to 16,613. The Shanghai Composite Index fell 1 percent, or 30 points, to 2,902, and the Shenzhen Composite Index sank 1.2 percent, or 22 points, to 1,785. (AFP)