Hong Kong shares in tepid rebound from four-week low, China flat

Hong Kong shares edged up on Monday after a four-day losing streak but mainland markets remained under pressure after new data pointed to an uncertain pace of recovery in the world’s second-largest economy.

A report in the People’s Daily that China may not launch new stimulus amid concerns of a debt buildup and overcapacity from a previous programme added to the negative sentiment.

At midday, the Hang Seng Index rose 0.2 percent from its four-week low to 22,669.37 points. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.1 per cent.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1247297/hong-kong-shares-tepid-rebound-four-week-low-china-flat