Hong Kong stocks close 1.6% higher
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Hong Kong stocks went up 375.48 points, or 1.6 percent to close at 23,896.10 Wednesday after landing in the negative territory for several sessions.
The benchmark Hang Seng Index was fluctuating during most of the morning hours but started moving upward all the way in the afternoon before closing near the day high of 23,907.77.
Turnover totaled 72.5 billion HK dollars (about 9.32 billion U.S. dollars).
All sub-groups except Utilities put on rather robust performance on the day, with Commerce & Industry outperforming the general market by rising 1.97 percent.
Among the 45 constituent stocks, only seven were lower, with three of them in the utilities group.
The Hang Seng China Enterprises Index, which tracks the so-called Hong Kong-listed mainland shares, went up 1.85 percent to 13,492.38.
Internet portal company Tencent, which claims to be China's largest on-line instant message service provider, surged 7.09 percent to 214.6 HK dollars. The company was also on top of Wednesday's turnover chart.
Heavyweight HSBC rose 1.59 percent to 82.9 HK dollars. China Construction Bank, which also accounts for a large weighting of the benchmark, gained 2.35 percent to 7.4 HK dollars.
For other significant financial shares, ICBC surged 2.49 percent to 6.59 HK dollars, ABC up 4 percent to 4.68 HK dollars and Bank of China up 1.86 percent to 4.37 HK dollars.
Telecom giant China Mobile went up 0.76 percent to 72.6 HK dollars and another major mobile service operator China Unicom surged 5.95 percent to 15.32 HK dollars.
Energy stocks were also among the most buoyant, with CNOOC up 2. 96 percent, PetroChina up 2.46 percent, Sinopec up 0.76 percent and China Shenhua gaining 2.54 percent.
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