Markets in mainland China will remain closed until Oct. 8 for a week-long holiday and South Korea will be shut Thursday for National Foundation Day.

Hong Kong stocks surged for a sixth day on Wednesday, amid growing optimism that Beijing's sweeping stimulus package could reboot the world's second-largest economy and fix the country's property market. The benchmark Hang Seng Index surged 6.2 percent on Wednesday, closing at 22,443.73 points, its highest for the past 20 months.

For six straight days, Hong Kong’s benchmark stocks gauge and a measure tracking the cost of its options moved in the same direction. The last time that happened, the Hang Seng Index went on to surge 30% in about two months.

Hong Kong brokers are experiencing a surge in activity, with account openings skyrocketing amid a historic stock rally.

Hong Kong’s equity market surged to a 20-month high on Wednesday as the rally ignited by Beijing’s raft of stimulus measures continued to lift Chinese stocks.

Hong Kong's Hang Seng index was up over 6% on Wednesday, hitting a 22-month high for a sixth day of gains amid further optimism about Beijing's latest stimulus policies. The index closed up 6.2%, ending at 21,

Hong Kong stocks fell for the first time in seven days as the US$3 trillion market rally driven by China’s stimulus injection showed signs of exhaustion. Technical indicators pointed to an imminent reversal from a 20-month high.