HONG KONG: Hong Kong shares rallied more than one percent in the opening minutes of trade Wednesday following a healthy performance on Wall Street fuelled by easing concerns about the Federal Reserve's plans to tighten monetary policy.

The Hang Seng Index jumped 1.39 percent, or 330.46 points, to 24,069.52.

Hong Kong shares barely moved at open

The Shanghai Composite Index added 0.30 percent, or 10.72 points, to 3,578.16, while the Shenzhen Composite Index on China's second exchange gained 0.52 percent, or 12.62 points, to 2,453.85.