Hong Kong stocks started Thursday with a healthy advance after the Federal Reserve lifted interest rates but played down any chance of a huge 75 basis-point lift in the near future.

The Hang Seng Index climbed 1.41 percent, or 293.63 points, to 21,163.15.

The Shanghai Composite Index dipped 0.07 percent, or 2.21 points, to 3,044.85 as traders returned from an extended break this week, while the Shenzhen Composite Index dropped 0.66 percent, or 12.39 points, to 1,866.49.