Hong Kong shares cheered by mainland rebound

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

Published Jun 30, 2015

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Hong Kong - Hong Kong stocks reversed early losses and ended Tuesday firmer, cheered by sharply rebounding mainland shares, but the excitement was curbed by weak global risk appetites as Greece veered towards defaulting on its debt.

The Hang Seng index rose 1.1 percent, to 26,250.03, while the China Enterprises Index gained 2.3 percent, to 12,981.23 points.

For the month, the Hang Seng fell 4.3 percent , the biggest monthly drop since September 2014. Still, the benchmark index was up 11.2 percent in the first half.

The market took cues from China stocks, which surged on Tuesday as a slew of government measures to stem a two-week-long market slide appeared to win back some investor confidence.

But investors were worried about developments in Greece and Europe.

Hong Kong stocks rose across the board.

Reuters

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