Hong Kong stocks rebound on fresh Beijing support

The Hong Kong stock market advanced for the first time in five straight sessions on Thursday, 09 July 2015, as investors chased for bottom fishing on tracking sharp rebound in Mainland China markets after a flurry of rescue measures from the Chinese government to restore investor confidence. The Hang Seng Index rebounded 876.23 points or 3.73% to finish at 24392.79 points, off an intra-day low of 23332.90. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 339.07 points, or 3.05%, to 11446.37 points. Turnover reduced to HK$212 billion from HK$236 billion on Wednesday.

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