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Hong Kong: Stocks climb on Fed hopes at open
[HONG KONG] Hong Kong stocks rallied on Friday as investors grow increasingly confident the Federal Reserve will hold off hiking interest rates until next year, while Shanghai was supported by hopes for further Chinese economic stimulus measures.
The benchmark Hang Seng Index in Hong Kong added 1.07 per cent, or 245.42 points, to 23,133.59.
And the benchmark Shanghai Composite Index gained 0.61 per cent, or 20.23 points, to 3,358.30, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.66 per cent, or 12.86 points, to 1,954.14.