Hong Kong stocks rebounded in choppy trading after briefly entering bear-market territory in volatile trade, on expectations that China would pull out all the stops to boost support for stocks and the economy after US President Donald Trump’s China tariffs became effective.
The Hang Seng Index rose 0.7 per cent to 20,264.49 at the close, bouncing back from a decline of as much as 4.3 per cent that dragged the benchmark to its lowest level since January 23. At one point on Wednesday, it fell 20 per cent from a high reached on March 19, a decline that would be seen by some traders as falling into a bear market.
The Hang Seng Tech Index jumped 2.6 per cent. On the mainland, the CSI 300 Index, which tracks the 300 largest stocks in Shanghai and Shenzhen, added 1 per cent, while the Shanghai Composite Index advanced 1.3 per cent.
Stocks revered course shortly after the sell-offs spurred by the headline that an additional 50 per cent…
