Hong Kong shares rebound

Comment on this story
HongKong111

Hong Kong - Hong Kong shares rebounded on Tuesday, with strength in the Chinese technology and Macau gaming sectors helping benchmark indexes claw back some of the steep losses seen in the previous session following an escalation in Ukraine-Russia tensions.

The Hang Seng Index finished up 0.7 percent at 22,657.6 points after posting its biggest one-day loss in a month on Monday. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.3 percent.

Investors also chased gains in PetroChina and China Petroleum and Chemical Corp (Sinopec) on hopes that more state-owned enterprise reform may be announced at the National People's Congress, the country's parliament, starting on Wednesday.

PetroChina rose 2 percent and Sinopec 2.5 percent. - Reuters



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.