Hong Kong shares end up 0.5%

Hong Kong shares closed at the highest level in more than a month on Wednesday as risk appetite improved on optimism that the US central bank could launch more monetary stimulus, but gains were capped at chart levels that also limited the upside on Monday.

The Hang Seng Index finished up 0.53 percent at 19,518.85. The China Enterprises Index of top mainland Chinese listings in Hong Kong ended up 0.21 percent at 9,821.22.

In the mainland, the large cap-focused CSI300 Index closed down 0.23 percent, while the Shanghai Composite Index slipped 0.34 percent. Shanghai bourse turnover slumped to the lowest since February 1.