Hong Kong, Shanghai stocks rally after Yellen comments

Shares in Hong Kong and Shanghai rallied in the first few minutes of trade Wednesday after comments from Federal Reserve chief Janet Yellen suggested US interest rates would remain unchanged into the second half of the year.

The Hang Seng Index added 1.09 percent, or 221.94 points, to 20,588.24.

And Shanghai`s composite index rose 0.73 percent, or 21.39 points, to 2,941.22 while the Shenzhen Composite Index, which tracks stocks on China`s second exchange, gained 0.86 percent, or 15.78 points, to 1,856.29.