Hong Kong stocks end 2.76% up

Special Report:Global Financial Crisis

HONG KONG, April 29 (Xinhua) -- Hong Kong stocks rose 401.84 points, or
2.76 percent to close at 14,956.95 on Wednesday.

Market turnover went downward to 50.70 billion HK dollars (about 6.54
billion U.S. dollars) from Tuesday's 56.24 billion Hong Kong dollars.

Investor concerns over swine flu took a back seat after the index fell 4.6
percent in the previous two sessions, as people now believe it is still too
early to assess the risks of a pandemic, traders said.

Consumer trading firm Li and Fung surged 7.2 percent to 21.05 HK dollars
(about 2.72 U.S. dollars) after better-than-expected U.S. consumer confidence
data overnight.

Cathay Pacific rebounded after falling on concerns over the swine flu
outbreak, leading Hong Kong shares higher Wednesday. It rose 5.6 percent to 8.81
HK dollars after a two-day 8.8 percent drop due to swine flu fears.

Citigroup wrote that it is too early to conclude the strong recovery in
China air travel will be disrupted by swine flu, given swift measures by global
agencies.

Sinopec rose 3.6 percent to 5.80 HK dollars after posting an 85 percent
rise in first-quarter net profit.

It was also helped by news it expects its net profit for the first-half of
2009 to rise more than 50 percent from a year earlier due to lower oil costs.

Property companies outperformed the broader market, with the property
sub-index rising 4.1 percent. Wharf jumped 7.1 percent to 24.30 HK dollars and
Sun Hung Kai Properties rose 3.7 percent to 76.95 HK dollars.