AFP – Hong Kong shares rose more than one percent in the morning session Wednesday, paring some of the huge losses suffered the day before as investors tracked a sharp recovery in New York.

The Hang Seng Index rose 1.26 percent, or 386.29 points, to 30,981.71 by the break.

Tokyo's Nikkei index rebounds over 3% after Wall St Rally

Tokyo stocks rebounded more than three percent in opening trade on Wednesday with investors relieved to see New York shares staging a rally after sharp drops.

The benchmark Nikkei index, which fell nearly five percent on Tuesday to suffer the worst loss since the November 2016 election of Donald Trump as US president, bounced back 3.13 percent or 677.02 points to 22,287.26 in early trade.