Hong Kong stocks near 3-week high on trade hopes, Trump's Fed assurance

Hong Kong shares surged to a near three-week high on Wednesday, following global market trends, fueled by optimism over a possible easing of Sino-U.S. trade tensions and U.S. President Donald Trump's assurance that he would not remove Federal Reserve Chairman Jerome Powell.

By midday, Hong Kong's benchmark Hang Seng Index had risen 2.41% to 22,081.42 points, its highest level since April 3.