Hong Kong share prices ended the morning up 5.3 percent Monday, with increased confidence among investors that the market will be more stable after a rollercoaster ride last week, dealers said.

The benchmark Hang Seng Index was up 740.06 points to 14,708.73. Turnover was 30.54 billion Hong Kong dollars (3.92 billion US).

Analysts said the market could also be supported by rallies on other regional bourses, favourable sentiment before the US election and expectation of further measures from Beijing to boost the Chinese economy.

But they warned investors to stay cautious. `I wouldn`t suggest investors chase stocks right now. It`s risky,` Peter Lai, a director at DBS Vickers, told Dow Jones Newswires.

Heavyweight HSBC rose 2.7 percent, ahead of its third-quarter trading update.