Hong Kong stocks rally to nearly 2-year high on stimulus tailwind

Hong Kong stocks surged for a sixth day on Wednesday, amid growing optimism that Beijing's sweeping stimulus package could reboot the world's second-largest economy and fix the country's property market.

The benchmark Hang Seng Index surged 6.2 percent on Wednesday, closing at 22,443.73 points, its highest for the past 20 months.

The Hang Seng China Enterprises Index rose 7.08 percent. The Hang Seng Property Index, a gauge of the property sector, soared 47 percent, while Hang Seng Tech Index, representing the 30 largest technology firms listed in the city, jumped 8.53 percent.