Home Real Estate Hong Kong’s Hang Seng index soars 6% as Asian stocks jump

Hong Kong’s Hang Seng index soars 6% as Asian stocks jump

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SINGAPORE — Shares in Asia-Pacific rose in Thursday trade as the Chinese markets continue to extend gains from a rebound, while the U.S. Federal Reserve announced its first rate hike in more than three years.

Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 6.25% in afternoon trade and erasing heavy losses from earlier in the week. The benchmark index saw its best day since October 2008 on Wednesday as it rocketed 9%.

The Hang Seng Tech index soared 8.41%, with Tencent up 7.19%, Alibaba jumping 11.8% and JD.com surging 14.3%.

Mainland Chinese stocks rose, with the Shanghai composite up 2.72% while the Shenzhen component gained 3.952%.

China markets bounced on Wednesday after a Chinese state media report signaled support for Chinese stocks. U.S.-listed Chinese stocks soared on Wednesday as well following the report, which said regulators from both countries are working toward a cooperation plan on U.S.-listed Chinese…

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