Hong Kong stocks rallied at the opening of trading Wednesday on hopes that the current corporate earnings season will suggest companies are withstanding the impact of higher inflation and rising interest rates.

The Hang Seng Index climbed 1.49 percent, or 307.36 points, to 20,968.42.

The Shanghai Composite Index added 0.37 percent, or 12.12 points, to 3,291.55, while the Shenzhen Composite Index rose 0.34 percent, or 7.45 points, to 2,202.37. (AFP)