HK stocks up over 4 pct as subprime fears ease

HONG KONG, April 2 (Reuters) - Hong Kong stocks soared over 4
percent on Wednesday in a broad rally, tracking a jump in U.S.
stocks after a Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) share offering triggered
hopes that the worst of the credit crisis may have ended.

The benchmark Hang Seng Index .HSI opened at 24,133.77. The
China Enterprises Index of Hong Kong-listed mainland companies
.HSCE, or H shares, was up 4.7 percent at 12,812.82 as of 0203
GMT.

Lehman raised $4 billion in an offering of convertible
preferred shares, bolstering its balance sheet and erasing fears
it was facing the same predicament as fallen investment bank Bear
Stearns BSC.N.

(US$1=HK$7.8)

(Reporting by Joseph Chaney; Editing by Anne Marie Roantree)