Adding to buying sentiment was a rally on Wall Street on the back of upbeat corporate results from giants including DuPont, Traveler and United Technologies.

The Dow ended 1.05 percent higher. However, it suffered a mid-session plummet after someone used the Associated Press news agency’s Twitter account to tweet that there had been two explosions at the White House and President Barack Obama had been hurt.

The AP almost immediately announced it had been hacked and the message was false.

The S&P 500 added 1.04 per cent and the Nasdaq jumped 1.11 per cent.

In Hong Kong, footwear firm Belle climbed 6.1 per cent to HK$12.86, while China Resources Power rose 3.2 per cent to HK$24.45.

Offshore oil firm CNOOC added 1.89 per cent to HK$14.04 while HSBC was 2.37 per cent higher at HK$81.95 and Sino Land jumped 3.77 per cent to HK$13.22.

Chinese shares closed up 1.55 per cent. The benchmark Shanghai Composite Index rose 33.78 points to 2,218.32 on turnover of 79.0 billion yuan (HK$98.30 billion).

Dealers moved in after the index suffered a 2.57 per cent dive on Tuesday.

“The market rebounded after a drastic fall yesterday, while strong first-quarter earnings in some sectors also boosted investor confidence,” Zheshang Securities analyst Zhang Yanbing said.

Among technology shares satellite communications firm Nanjing Panda Electronics hit its 10 per cent daily limit at 8.90 yuan while Beijing Teamsun Technology jumped 9.92 per cent to 6.65 yuan.

Home appliance maker Hisense Electric surged 9.92 per cent to 16.73 yuan and Jiangsu Chunlan Refrigerating Equipment Stock rose 3.39 per cent to 4.58 yuan.

Property developers rose on hopes for strong earnings after reports that combined profits of 32 property firms jumped more than 50 per cent year-on-year in the first quarter.

Poly Real Estate added 1.87 per cent to 11.97 yuan, while Gemdale rose 1.72 per cent to 7.11 yuan.