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| Tags: china, hong, kong, market, rebound, sharply, stocks, upsurge |
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08-20-2008, 08:40 AM
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Hong Kong stocks rebound sharply on China market upsurge
Hong Kong stocks reversed early losses and rebounded sharply on Wednesday as the market expected China to loose macro control measures to stabilize the stock markets and the economy. The benchmark Hang Seng Index weakened 95.58 points, or 0.46 percent, to open at the day's lowest 20,388.79 but was soon lifted out of negative territory by the strong performance of stock markets in the Chinese mainland amid reports of China's economic stimulus plans. The market extended its gains b ...
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