HONG KONG, March 20 (Xinhua) -- Hong Kong stocks rebounded on Friday and closed up 5.05 percent to 22,805.07 points.

After falling for two weeks, the benchmark Hang Seng Index (HSI) opened 438.21 points higher at 22,147.34 points on Friday, climbed upward in fluctuations during the trading hours and closed 1095.94 points higher at the day's highest level.

For the whole day, HSI traded between 22,147.34 and 22,805.07. Turnover totaled 171.27 billion Hong Kong dollars (about 22.07 billion U.S. dollars).

The Hang Seng China Enterprises Index went through similar upward fluctuations on Friday, and closed at the day's highest level of 9118.67 points, 6.53 percent higher than the previous trading day.

Stock markets around the world have been volatile in recent days due to falling oil prices and the ongoing COVID-19 pandemic. Hong Kong stocks, following the sluggish trend in the peripheral markets, had been falling for almost two weeks.

Before Hong Kong stocks opened on Friday, main stock markets around the world had shown signs of rebound.

Analysts noted that after the sharp decline in the markets around the globe, many countries and regions are introducing measures to prevent and control the COVID-19 outbreaks as well as economic stimulus policies.

These measures, together with the investors' optimism about the prospects of China's economy, provide support for the stock markets' rebound, said Ronald Wan, a Hong Kong investment banker. Enditem

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