Battered China and Hong Kong markets finish higher as rout abates, but stock in grip of uncertainty

Peace and Freedom


Bargain hunting lifts stocks in Shanghai, Shenzhen and Hong Kong

By Jeanny Yu and Enoch Yiu
South China Morning Post

Chinese shares finished higher on Thursday as the market’s free-fall in the world’s second largest economy seemed to ease for now, with bottom picking giving beleaguered stocks some relief from a rout that has mercilessly pounded equity markets the past four weeks.

The Shanghai Composite Index jumped 5.76 per cent, or 202.14 points, to close at 3709.33.

Shenzhen’s Component Index, dominated by small-and mid-caps, rose for the first time in seven days, adding 4.25 per cent to settle at 11510.34.

Hong Kong’s Hang Seng Index added 3.73 per cent, or 876.23 points, to close at 24,392.79 while the Hang Seng China Enterprises Index rose 3.05 per cent, or 339.07 points, to settle at 11,446.37.

The Hang Seng had posted its…

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