Hong Kong stocks rebound on financials, resources

HONG KONG (MarketWatch) — Hong Kong shares rebounded early Thursday after falling in six of the previous seven sessions, with financials and mainland Chinese resource stocks pacing the advance in line with bounces at the Shanghai and Shenzhen bourses. The Hang Seng Index rose 0.7% to 23,377.52 and the Hang Seng China Enterprises Index advanced 0.9% to 12,994.58. Shares of Ping An Insurance Group Co. jumped 3%, BOC Hong Kong Holdings Ltd. added 3% and Jiangxi Copper Co. rose 1.8%. China’s Shanghai Composite gained 0.6% to 2,853.03 after China’s State Council Wednesday unveiled measures to cool inflation that were seen by some analysts as being less severe than expected.

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