Hong Kong Stocks bounces on bottom fishing

The Hong Kong stock market closed up in quiet trading on Thursday, 07 July 2016, as investors chased for bottom fishing on following the 78-point rally of the Dow overnight after the minutes of the Federal Reserve's latest policy meeting crushed expectations for a rate hike this year, while post-Brexit fears seemed to ease after rattling global markets once again this week. The benchmark Hang Seng Index rebounded 211.63 points, or 1.03%, to 20706.92 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 97.85 points, or 1.15%, to 8600.99. Turnover decreased to HK$49.7 billion from HK$60.7 billion on Wednesday.

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