Hong Kong  - Hong Kong shares rebounded by more than 3 per cent Tuesday as HSBC Holdings partially recovered from massive 24 per cent losses sustained in a brutal Monday trading session.

The blue-chip Hang Seng Index climbed from a four-month low by 349.47 points, or 3.08 per cent, to end the day at 11,694.05 points. Turnover was 33.4 billion Hong Kong dollars (4.3 billion US dollars.)

For a second day, trading was dominated by HSBC which climbed 13.94 per cent to close at 37.6 Hong Kong dollars per share after plunging to its lowest level since 1995 late Monday.

In the last half hour of trading Monday, HSBC shares plunged to just 33 Hong Kong dollars, losing almost a quarter of their value since the opening of trade.

A single transaction accounted for 12 per cent of the loss just before the market close, triggering a securities regulator probe into the trading in HSBC to see if there were any irregularities.

The roller-coaster fortunes of HSBC shares follows the bank's announcement earlier this month of a rights issue. Hong Kong's financial secretary John Tsang expressed concern Tuesday about the volatility of trading in HSBC shares. (dpa)