Shanghai and Hong Kong surge for second day in a row

Shares in Hong Kong and Shanghai surged for a second straight day Wednesday, in line with a broad global rally on hopes Beijing will push on with further measures to kick-start growth in the Chinese economy.

In Hong Kong the Hang Seng Index soared 4.10 percent, or 872.27 points, to close at 22,131.31. The index climbed 3.28 percent Tuesday.

Shanghai's benchmark composite index added 2.29 percent, or 72.64 points, to 3,243.09 -- adding to the near three percent advance on Tuesday.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, jumped 3.29 percent, or 57.30 points, to 1,798.84. The day before it tacked on 3.28 percent.