Anticipation of bigger US Fed bond buys drives Hong Kong stocks up

Hong Kong stocks rose to a 16-month high on speculation the US central bank may decide to more than double the size of its monthly bond purchases, which could draw more hot money into the city's equity market.

The Hang Seng Index added 179.41 points, or 0.8 per cent, to finish at 22,503.35 yesterday, the highest since August last year.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1103967/anticipation-bigger-us-fed-bond-buys-drives-hong