Hong Kong stocks skyrocketed on Friday after the Fed decision to start the next round of QE. China's stocks also continued to drew strength from hopes that China's government in addition to recent increase in infrastructural subsidies will loosen its monetary policy. The Hang Seng Index surged 2.90% to end the week at 20,629.78. All sectors included in the index jumped. Moreover, all but two companies within the Hang Seng index advanced. The largest gains poised basic materials and oil and gas companies. Aluminum Corp of China and CNOOC soared 9.06% and 4.82% amid higher commodity prices. Real estate firms also joined the rally, with China Overseas Land & Investment and Sino Land climbing 1.76% and 3.91%. Moreover, financials rose 3.15%. Bank of East Asia, China Constructions Bank and Bank of Communications surged 2.12%, 2.17% and 2.96%, respectively.