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


Source: scmp.com scmp.com

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Hong Kong and mainland China stocks rebounded in early trading from their biggest slide in three weeks as investors rotated into defensive stocks as technology giants struggled with regulatory challenges. The Hang Seng Index gained 0.5 per cent to 25,874.10 at 10.10am local time, halting a four-day slump. China’s Shanghai Composite and CSI 300 of the biggest stocks in Shanghai and Shenzhen both rose over 0.3 per cent. The Hang Seng Tech Index rebounded 1.3 per cent, reversing a five-day slump that erased almost 9 per cent of the value in the 30-member gauge. The index slipped 3.1 per cent...