Hong Kong stocks close 1.4% higher

2008-04-23 04:27:53 Xinhua English

HONG KONG, April 23 (Xinhua) -- Hong Kong stocks added 350.09 points, or 1.4 percent, to close at 25,289.24 on Wednesday, as firms reported better than expected earning results, prompting a rebound of market confidence.

Turnover surged from Tuesday's 87.74 billion HK dollars (11.25 billion U.S. dollars) to 105.3 billion HK dollars (13.5 billion U.S. dollars), which has been rare in recent weeks as investors hesitated over an uncertain market.