Hong Kong shares up 2 pct as China rebounds, G20 meeting eyed (Review)

Hong Kong shares rose more than 2 percent on Friday, buoyed by a rebound in mainland China markets that prompted investors to hunt for bargains after losses in the previous session.

The Hang Seng index surged 2.5 percent to 19,364.15 points, its best day in nearly two weeks.

For the week, it gained 0.4 percent despite a loss of more than 3 percent for China’s main benchmark indexes.

The China Enterprises Index ended up 2.1 percent in the biggest daily gain in more than a week at 8,034.30 points. The index was down 1 percent for the week.

Investors were eyeing policy messages from G20 finance chiefs and central bankers meeting on Friday and Saturday in Shanghai. Current market turmoil and a global economic slowdown expected to be key topics of discussion.

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Hong Kong shares up 2 pct as China rebounds, G20 meeting eyed

Hong Kong shares rose more than 2 percent on Friday, buoyed by a rebound in mainland China markets that prompted investors to hunt for bargains after losses in the previous session.

The Hang Seng index surged 2.5 percent to 19,364.15 points, its best day in nearly two weeks.

For the week, it gained 0.4 percent despite a loss of more than 3 percent for China’s main benchmark indexes.

The China Enterprises Index ended up 2.1 percent in the biggest daily gain in more than a week at 8,034.30 points. The index was down 1 percent for the week.

Investors were eyeing policy messages from G20 finance chiefs and central bankers meeting on Friday and Saturday in Shanghai. Current market turmoil and a global economic slowdown expected to be key topics of discussion.

Source : Reuters

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