Stocks on the Chinese mainland rose to a two-month high after steelmakers boosted prices and analysts recommended industrial companies on speculation their earnings will be more sheltered from the government's policy-tightening measures.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, rose 19.52 points, or 1.79 percent, to close at 1,107.24 Wednesday.
Hong Kong stocks closed up 257. 19 points, or 1.12 percent, at 23,156.97 on Wednesday.
China's stock index futures closed higher Wednesday with the contract for February, the most actively traded, up 0.69 percent from the previous trading day to end at 3,245.0 points.
Chinese shares closed higher Wednesday with the benchmark Shanghai Composite Index up 24.95 points, or 0.86 percent, to end at 2,924.19.
Corn futures advanced as adverse weather continued to threaten crops around the world, tightening global supply.
Most stocks on the Chinese mainland fell, with the benchmark index erasing gains, as banks slid after lower-than-estimated inflation failed to ease concerns of more tightening. Commodity producers rose after metal and oil prices climbed.
Hong Kong stocks closed down 221. 28 points, or 0.96 percent, at 22,899.78 on Tuesday.
China's stocks closed almost flat on Tuesday with the benchmark Shanghai Composite Index ending 0.1 point higher to 2,899.24.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, rose 1.17 point, or 0.11 percent, to close at 1,087.73 Tuesday.
China's stock index futures closed mixed Tuesday with the contract for February, the most actively traded, down 0.44 percent from the previous trading day to end at 3,216 points.
Rubber advanced to a record amid speculation that China may increase purchases to replenish stockpiles before the low-production period begins in major growing areas in Thailand. The Thai cash price also climbed to an all-time high.