Hong Kong shares ended 1.22 percent higher on Thursday following a rally on Wall Street fuelled by an upbeat assessment of the US economy from the Federal Reserve.
The benchmark Hang Seng Index added 271.75 points to close at 22,597.97 on turnover of HK$65.12 billion ($8.40 billion).
Investors followed a lead from the US, where stocks rose Wednesday after the Fed's Beige Book report into the state of the world's top economy showed consumer spending and manufacturing had largely risen while job creation was steady or improving.
In Hong Kong, shipping stocks rallied as investors waited for details of government measures to support the industry. China
Shipping Development climbed 6.7 percent to HK$4.33 and China Cosco Holdings gained 6.9 percent to HK$3.86.
China's Ministry of Transport on Monday reinstated a plan to support the industry with planned subsidies for scrapping vessels.
Chinese shares closed down 0.24 percent on selling of trade-related stocks and resources shares, dealers said.
The benchmark Shanghai Composite Index slipped 5.19 points to 2,122.43 on turnover of 105.8 billion yuan ($17.3 billion).
“Investors took profits in some hot sectors while there was also hesitation before the launch of government bond futures tomorrow,” Haitong Securities analyst Zhang Qi told AFP.
China will re-launch futures contracts on government bonds on Friday, 18 years after a trading scandal caused them to be banned.
Foreign trade-related firms were down after earlier gains on a free trade zone plan approved by the central government for Shanghai last month.
Trading company Shanghai Lansheng Corp. dropped 4.66 percent to 14.52 yuan while Shanghai Material Trading fell 3.13 percent to 14.24 yuan.
Resources firms were also lower.
Rising Nonferrous Metals lost 3.51 percent to 46.99 yuan while Baotou Steel Rare-Earth fell 2.92 percent to 28.60 yuan.
Coal miner Shanxi Lu'an Environmental Energy Development shed 2.99 percent to 12.99 yuan while Anyuan Coal Industry Group fell 2.50 percent to 4.68 yuan. - Sapa-AFP