Hong Kong: Shares rebound sharply ahead of Chinese New Year holiday

[HONG KONG] Hong Kong stocks rebounded sharply on Wednesday, with the benchmark Hang Seng Index posting its biggest one-day percentage rise since May 2016.

The market will close on Thursday afternoon for the Lunar New Year holiday, and will resume trading on Feb 20.

At close of trade, the Hang Seng index was up 676.07 points or 2.27 per cent at 30,515.60. The Hang Seng China Enterprises index rose 2.14 per cent to 12,260.99.

China's main Shanghai Composite index closed up 0.46 per cent at 3,199.4757 points while its blue-chip CSI300 index ended up 0.8 per cent. Mainland markets are closed from Feb 15-21 for the holiday.

REUTERS