News Snapshot:
Hong Kong stocks surged by the most in 18 months after China cut a key lending rate for a second time in a month and stepped up infrastructure spending to prop up growth. Alibaba Group Holding led gains among tech peers. The Hang Seng Index advanced 3.4 per cent on Thursday to a two-month high. The Tech Index jumped 4.5 per cent, the most in a week, while the Shanghai Composite Index slipped 0.1 per cent. The MSCI China Index, the broadest measure of onshore and offshore stocks, has gained US$25 billion in value this week through Wednesday. Property developers...
