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
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