Hong Kong stocks jumped on Thursday to their highest close in a year and a half, after the Federal Reserve maintained its gradual approach toward tightening and increased its benchmark interest rate by 25 basis points as expected, a quarter per cent. Photo: EPA

Hong Kong stocks hit 19-month high as Fed rate rise clears uncertainty

Shanghai and Shenzhen stocks also close higher after the PBOC follows the Fed and raises money market rates

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Hong Kong stocks jumped on Thursday to their highest close in a year and a half, after the Federal Reserve maintained its gradual approach toward tightening and increased its benchmark interest rate by 25 basis points as expected, a quarter per cent. Photo: EPA
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