HONG KONG, Jan. 31 (Xinhua) -- Hong Kong stocks closed up 279.98 points, or 0.86 percent, to 32,887.27 points on Wednesday.

The benchmark Hang Seng Index traded between 32,330.391 and 32,933.98. Turnover totaled 176.8 billion Hong Kong dollars (about 22.61 billion U.S. dollars).