Hong Kong: Stocks rebound from losses

[HONG KONG] Hong Kong stocks on Wednesday recovered slightly from the previous day's sell-off on bargain-buying, with mining giant Glencore also bouncing after a sharp fall.

Hong Kong's benchmark Hang Seng Index was up 1.16 per cent, or 239.33 points, to 20795.93 in the first few minutes. It plunged almost three per cent on Tuesday.

Glencore, which lost almost 30 per cent Tuesday on fears about its future as commodity prices sink, was up 12 per cent.

In Shanghai the benchmark Shanghai Composite Index added 0.48 per cent or 14.70 points to 3,052.84, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.44 per cent, or 7.47 points, to 1,719.19.

AFP