Hong Kong Stocks rebound

The Hong Kong stock market staged a slight recovery on Wednesday, 21 December 2016, after falling in the four previous days as traders tracked another record close on Wall Street overnight fuelled by hopes of stronger economic growth during Donald Trump's presidency. The market also got a modicum of support from the mainland, where fears of a liquidity squeeze in China's banking system subsided after risks from a high-profile bond scandal appeared contained. Hong Kong's benchmark Hang Seng Index closed 0.37% higher at 21,809.8, ending a four-day drop as the financial and energy sectors rose. The Hang Seng China Enterprises Index, known as the H-shares index, gained 0.52% to 9,331.63. Daily turnover dropped to HK$47.6 billion from HK$53.8 billion a day earlier ahead of holidays.

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