Hong Kong stocks climbed 357 points or 1.4% to 25,324 in Wednesday morning trade, extending gains for the second session and hitting a two-week high. The rally was broad-based, tracking overnight solid rises on Wall Street after softer U.S. inflation data bolstered bets that the Fed could cut rates to support a cooling labor market. In China, the Shanghai Composite hit a three-year high, buoyed by an extended trade truce with the U.S. that helped avert triple-digit tariffs on Chinese exports. Beijing also launched a year-long plan to offer interest subsidies on consumer loans, with the central and provincial governments covering 90% and 10% of costs, respectively, to boost household spending. In corporate news, China Evergrande said its Hong Kong shares will be delisted on August 25 after the exchange’s decision. Tencent Hlds. soared 2.1% to a four-year high on attractive valuations, while WH Group (5.2%), Innovent Biologics (3.8%), and Chow Tai Fook (1.9%) also posted strong gains.