Hong Kong shares rose on Wednesday, led by energy stocks, as sentiment improved on signs Beijing is loosening monetary and fiscal policies to prevent a drastic slowdown in the economy. The Hang Seng index rose 0.9 percent to 28,920.90, while the China Enterprises Index gained 0.9 percent to 11,074.16 points. The sub-index of the Hang Seng tracking energy shares rose 2.2 percent while the IT sector rose 1.25 percent, the financial sector was 0.46 percent higher and property sector rose 1.64 percent.
The top gainer on Hang Seng was Sands China Ltd up 4.4 percent, while the biggest loser was WH Group Ltd which was down 1.40 percent.
As of the previous trading session, the Hang Seng index was down 4.2 percent this year, while China's H-share index was down 6.3 percent. As of the previous close, the Hang Seng has declined 1.01 percent this month.