The Hong Kong stock market closed sharp higher on Wednesday, 30 March 2016, joining rally on Mainland A-share bourses and other regional markets after U.S. Federal Reserve remarks hosed down expectations of imminent interest rate hikes. The benchmark Hang Seng Index surged 437.09 points, or 2.15%, to 20803.39 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 252.48 points, or 2.89%, to 8979.41 points. Turnover increased to HK$75.2 billion from HK$60 billion on Tuesday.
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