Hong Kong Stocks Rebound as U.S. Economic Data Beats Estimates

(Bloomberg) 14/6 -- Hong Kong stocks gained, with the city’s benchmark index rebounding from its lowest close since Oct. 8, as U.S. economic data beat estimates and on bets the Federal Reserve will keep interest rates at a record-low. The Hang Seng Index rose 0.6 percent to 21,005.48 as of 9:34 a.m. The Hang Seng China Enterprises Index added 0.5 percent. The gauge yesterday closed 21 percent lower than its Feb. 1 high, exceeding the 20 percent threshold that some investors consider as a bear market.