SHANGHAI – Hong Kong stocks tracked global peers and closed higher on Wednesday.

The benchmark Hang Seng Index gained 1.11 percent to 20,890.22 points, the highest close since July 11, while the Hang Seng China Enterprises Index rose 1.15 percent to 7,179.07.

Hong Kong markets tracked a global rally as strong US corporate earnings and the expected resumption of Russian gas supply to Europe helped lift sentiment.

One of the major underperformers was the property sector. Mainland developers listed in Hong Kong plunged 1.42 percent.