Hong Kong stocks surged | Expected rate hike to raise net interest margin for Hong Kong banks, Dah Sing Banking Group (02356.HK), and Bank of East Asia (00023.HK) rose nearly 7%

According to the Wisdom Financial APP, Hong Kong banking stocks rose against the market trend. As of the time of writing, Dah Sing Banking Group (02356.HK) rose by 6.94% to 13.86 Hong Kong dollars; Bank of East Asia (00023) rose by 6.74% to 15.04 Hong Kong dollars; and Bank of China Hong Kong (02388) rose by 4.22% to 50.4 Hong Kong dollars.