Hong Kong blue chips ended up 0.8 percent on Wednesday, led by China Mobile, while recently battered commodity stocks found a toehold, reversing a six-session losing streak in the resource heavy H-share index. Investors intensified their focus on the initial public offering market ahead of a spate of new listings in the coming weeks, bidding up peers of listing candidates. The benchmark Hang Seng index gained 134.64 points to close at 17,210.04 on turnover of HK$25.0 billion (US $3.2 billion), down slightly from Tuesday's HK$27.0 billion. "Traders are trying to create a good environment for the new IPOs," said Steve Cheng, associate director at Shenyin Wanguo. With the IPO market drawing much attention, "the secondary market is a bit quiet.Investors are chasing the shadow stocks," he said, referring to those shares similar to the listing hopefuls.