Fed easing triggers sharp rise in HK stocks

Hong Kong stocks rose yesterday to their highest in four months, led by property and commodity-related issues.

The rally was driven by speculation that the US Federal Reserve's potentially unlimited quantitative easing measures will boost asset prices in the region.

The Hang Seng Index surged 582.15 points or 2.9 per cent to end at 20,629.78, the highest level since May 4. The H-share index rose 3.68 per cent to close 349.16 points higher at 9,829.43.

via Business feed http://www.scmp.com/business/economy/article/1037238/fed-easing-triggers-sharp-rise-hk-stocks