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HONG KONG, Nov 21 AFP

November 21 2012, 7:20PM

Hong Kong shares closed 1.39 per cent higher Wednesday on hopes for a US fiscal deal, while they rebounded from a sell-off in the early afternoon sparked by Europeans' failure to reach a Greek bailout deal.

The benchmark Hang Seng Index added 296.08 points to end at 21,524.36 on turnover of HK$52.37 billion ($6.76 billion).

Chinese shares closed up 1.07 per cent on bargain hunting after briefly touching a near four-year low.

The benchmark Shanghai Composite Index rose 21.40 points to 2,030.32 on turnover of 39.7 billion yuan ($US6.4 billion).

The index touched an intra-day low of 1,995.17 - its lowest since February 2, 2009 - after falling through the 2,000 level for the second time this week.