Friday, Mar 29 2024 | Time 12:35 Hrs(IST)
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World


China, HK shares rebound on strong global markets, analysts wary of outlook

SHANGHAI, May 25 (Reuters) China and Hong Kong tracked global markets higher on Wednesday, but analysts say the rebound is being driven by technical factors and remain wary of the near term amid the backdrop of a sluggish Chinese economy and a possible U.S. rate hike next month.
China's blue-chip CSI300 index rose 0.4 percent, to 3,074.30 points by lunch break, while the Shanghai Composite Index gained 0.3 percent, to 2,829.33 points.
Hong Kong stocks are heading toward their biggest one-day gain in six weeks, with the Hang Seng index jumping 2.5 percent while the Hong Kong China Enterprises Index surging 2.7 percent, to 8,526.75.
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