Shares in Hong Kong rose 464 points, or nearly 1.0%, to 26,187 around midday Wednesday, extending gains for a fourth session and holding at their highest level in four years amid broad-based advances. Sentiment was buoyed by record closes on Wall Street’s S&P 500 and Nasdaq overnight, with traders positioning for likely Fed rate cuts next week and awaiting key U.S. inflation data later this week. Still, upside momentum was tempered by signs of persistent deflationary pressures in China, as new data showed consumer prices fell the most in six months in August while producer prices contracted for a 35th straight month, albeit at a slower pace. Among the notable gainers were Trip.com (2.8%), China Unicom (2.7%), Meituan (2.5%), and Lenovo Group (2.1%).