P.M. BRIEFING : Stocks Rebound in Hong Kong
Share prices on the Hong Kong Stock Exchange rebounded slightly today in continued nervous trading over China’s bloody crackdown on pro-democracy demonstrators.
Trading was heavy, but brokers said they expected the market to fluctuate until the crisis in China stabilizes.
The Hang Seng Index of blue-chip stocks closed at 2,149.71, up 56.1 points from Monday, when it registered its worst loss since the worldwide market collapse in 1987. The index fell 581.77 points on Monday.
Volume totaled $256.6 million, compared with $288 million Monday.
The Hong Kong and Shanghai Banking Corp., the largest bank in the territory, again helped support share prices, officials said. The bank also intervened on Monday.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
