Hong Kong - Hong Kong shares closed up more than 3.4 per cent Tuesday and edged close to the 14,000 points mark.

Buoyed by overnight gains on Wall Street, The blue-chip Hang Seng Index rose 462.92 points or 3.44 per cent to 13,910.34 points. Turnover was 63.8 billion Hong Kong dollars (8.23 billion US dollars).

The gains followed a jump of nearly 5 per cent in prices Monday to take the index to a five-week high. Turnover Tuesday was also at its highest level for weeks.

Analysts say confidence has begun to trickle back into the battered Hong Kong market as a result of optimism over the latest US moves to boost the banking industry. (dpa)