HONG KONG: Hong Kong stocks closed with more gains Wednesday, building on the previous day's surge and in line with a rally across Asia, as inflation fears give way to global recovery optimism.

The Hang Seng Index jumped 0.88 percent, or 255.15 points, to 29,166.01.

The benchmark Shanghai Composite Index added 0.34 percent, or 12.02 points, to 3,593.36, though the Shenzhen Composite Index on China's second exchange dipped 0.06 percent, or 1.38 points, to 2,380.56.