Alibaba leads weak market rebound as Taiwan, cross-strait tensions keep stock investors on edge


Source: scmp.com scmp.com

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Stocks in Hong Kong and mainland China recovered from a sell-off even as cross-strait tensions remain elevated over the Taiwan situation, with investors keeping risk appetite in check for potential military escalation. The Hang Seng Index rose 0.1 per cent to 19,715.21 as of 10.56am local time, paring an earlier advance of nearly 1 per cent. The benchmark fell 2.4 per cent on Tuesday. The Hang Seng Tech Index jumped 0.9 per cent while the Shanghai Composite Index added 0.2 per cent. The Taiex lost 0.3 per cent in Taipei, on top of a 1.6 per cent decline a day...