Hong Kong market closed higher today after the refiners recorded strong gains due to lower oil prices in the international markets. Hong Kong's Hang Seng Index rose 32.12 points to 21,799.97 after it touched a low of 21,687.88 in the morning.

Onshore China shares increased and led the gains in Hong Kong. The gains in the Chinese telecommunication stocks and turnover in Hong Kong helped in boosting the index. The China Enterprises Index of the top Chinese listings closed 0.6 percent higher following a rebound.

The sentiment was also boosted by recovery in shares in Mainland China. The benchmark Shanghai Composite Index increased 0.8 per cent higher at 1975.1. Shanghai volume hit its highest since 9 November after an increase in the afternoon trade.

The CSI300 of the top Shanghai and Shenzhen listings increases 1.1 per cent while Shanghai Composite Index rose 0.8 percent after rising from their lowest levels in several months. Experts believe that it is too early to assume that there will be a long term recovery in the markets but the rise is a positive trend and will boost investor sentiment in the markets in the larger Asian region.