Hong Kong stocks rebound as investors build defensive bets while market awaits Tencent earnings report


Source: scmp.com scmp.com

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Hong Kong and mainland China stocks rebounded from their biggest slide in three weeks as investors rotated into defensive stocks in solar and property sectors while technology giants struggled with regulatory challenges. The Hang Seng Index gained 0.8 per cent to 25,938.82 at the noon break, halting a four-day slump . China’s Shanghai Composite and CSI 300 of the biggest stocks in Shanghai and Shenzhen both rose more than 0.6 per cent. The Hang Seng Tech Index rebounded 0.5 per cent, reversing a five-day slump that erased almost 9 per cent of the value in the 30-member gauge. The index...