Hong Kong stocks staged a modest rebound on the 5th. The Hang Seng Index closed at 24,040.34, up 68.05 points from the previous weekend's close, as higher US stocks and the rising Nikkei Average encouraged buying. Upside was limited by concerns over the Middle East situation and the closure of mainland China's markets.
Hong Kong stocks staged a modest rebound on the 5th, with the Hang Seng Index closing at 24,040.34, up 68.05 points from the previous weekend's close. Gains in the US stock market and the Nikkei Average attracted buyers, bringing buying into the Hong Kong market as well.
The Hang Seng Index had hit a roughly 3-month low at the end of the previous week, creating conditions favorable for buy-the-dip purchases. However, concerns over the Middle East situation coincided with the closure of mainland China's markets, limiting buying.