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Hong Kong: Shares rally to build on Brexit recovery

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[HONG KONG] Hong Kong stocks surged on Thursday, extending a recovery from last week's plunge, as speculation swirls that central banks will unleash stimulus measures to offset the impact of Britain's vote to leave the EU.

The Hang Seng Index rose 1.75 per cent, or 358.25 points, to close at 20,794.37.

But the benchmark Shanghai Composite Index edged down 0.07 per cent, or 1.98 points, to 2,929.61 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, inched up 0.05 per cent, or 0.90 points, to 1,974.24.