The Hong Kong stock market has surged over 8.7 percent in three sessions, with the Hang Seng Index nearing 19,925 points. Optimism over interest rates globally is driving positive market sentiment, with European and U.S. markets higher. On Thursday, the Hang Seng Index soared over 4 percent, led by gains in financials, properties, and technology stocks. Major U.S. indices also closed higher, fueled by strong tech sector performance and positive economic data. However, oil prices fell sharply due to concerns of excess supply in the market after OPEC announced plans to increase production.

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