Hong Kong stocks rebounded from a four-month low after China’s securities regulator pledged to stabilise the market after a wobbly start to the year.
The Hang Seng Index rose 1.8 per cent to 19,219.78 at the close, snapping a six-day, 4.5 per cent decline that dragged the benchmark to its lowest since September 23. The Hang Seng Tech Index gained 3.1 per cent. In China, the CSI 300 Index climbed 2.6 per cent, and the Shanghai Composite Index added 2.5 per cent.
Biotech firm Wuxi AppTec rallied more than 4 per cent after selling a stake in a unit. Alibaba Group Holding and Tencent Holdings, the biggest stocks on the Hang Seng gauge, also advanced.
Stability tops the agenda in 2025, and every effort will be made to maintain and cement the stabilising trend on the market, the China Securities Regulatory Commission (CSRC) said in a statement on its website after a work conference that spelled out its annual major tasks. The watchdog also…
