Hong Kong stocks rebounded on an encouraging surge in exports for October despite the prevailing concerns over Trump's reelection as US president.

The Hang Seng Index rose 2.02%, or 414.96 points, to close Thursday's session at 20,953.34. The Hang Seng China Enterprises Index rose by 2.49%, or 183.48 points, to close at 7,546.95.

China's trade surplus for October widened to $95.72 billion from $81.71 billion the previous month as export growth accelerated, topping market expectations. October exports surged 12.7% year on year to $309.1 billion, exceeding the 5.2% forecast by economists in a Reuters poll and speeding up from the 2.4% rise in September.

Confidence in China's economy increased in November after the government promised relief measures against an economic slowdown. The Yicai Chief Economists Confidence Index increased to 50.78 this month from 50.62 in October representing optimism, Yicai Global reported Wednesday, citing economists and a survey of 12 top economists.

In corporate news, Jiangsu Guofu Hydrogen Energy Equipment (HKG:2582) launched its initial public offering in Hong Kong, seeking to raise as much as HK$438 million by offering 6,000,000 H shares at HK$65 to HK$73 apiece. It will start trading on the Hong Kong bourse on Nov. 15.

Greentown China Holdings (HKG:3900) logged sales, including contracted and subscription sales, of about 15.4 billion yuan in October with an average selling price of 29,755 yuan per square meter, raising the shares of the company by nearly 5% on Thursday's close.

China Huaneng Foundation Construction Investment sold 753,997,995, or 29%, shares in IDT International (HKG:0167) to six buyers for around HK$12.1 million on Oct. 28. The company's shares closed over 4% higher on Thursday.