Hong Kong shares bounce back on metals report

Hong Kong shares rebounded from a one-month low on Wednesday, buoyed by strong gains for metal producers after Chinese state media confirmed a Reuters report that Beijing had resumed stockpiling metals in a move seen supporting physical prices.

Reuters had first reported on Monday that China’s State Reserves Bureau has issued tenders to buy 160,000 tonnes of primary aluminium and 150,000 tonnes of zinc ingots from local smelters.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1082306/hong-kong-shares-bounce-back-metals-report