Hong Kong: Stocks open sharply higher on Wednesday

[HONG KONG] Hong Kong stocks surged at the start of trade on Wednesday morning, with bargain buyers moving in after losing more than 10 per cent in the previous three days fuelled by a rout in tech firms.

The Hang Seng Index jumped 2.79 per cent, or 513.12 points, to 18,928.20.

The Shanghai Composite Index added 1.43 per cent, or 43.70 points, to 3,107.67, while the Shenzhen Composite Index on China's second exchange climbed 1.80 per cent, or 36.24 points, to 2,049.61. AFP