Hong Kong: Shares surge out of the blocks

HONG KONG stocks rallied at the open on Wednesday (Jul 20) on hopes that the current corporate earnings season will suggest companies are withstanding the impact of higher inflation and rising interest rates.

The Hang Seng Index climbed 1.49 per cent, or 307.36 points, to 20,968.42.

The Shanghai Composite Index added 0.37 per cent, or 12.12 points, to 3,291.55, while the Shenzhen Composite Index on China's second exchange rose 0.34 per cent, or 7.45 points, to 2,202.37. AFP