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Hong Kong, Shanghai: Stocks rise ahead of Fed meeting

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[HONG KONG] Hong Kong and Shanghai stocks closed stronger Wednesday as the Bank of Japan's decision to overhaul monetary policy to kickstart inflation boosted confidence before the Fed winds up its own meeting later in the day.

The Hang Seng Index in Hong Kong rose 0.59 per cent, or 139.04 points, to close at 23,669.90.

The benchmark Shanghai Composite Index rose 0.10 per cent, or 2.87 points, to 3,025.87 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.28 per cent, or 5.54 points, to 2,005.60.