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Thursday, April 20, 2017, 17:14

Hong Kong stocks rebound but gains capped by curbed by French election, DPRK worries

By Reuters

Hong Kong stocks rebounded modestly on Thursday along with global equity markets, though gains were capped by uncertainty over the French presidential election at the weekend and tensions with the DPRK.

Lower oil prices also dragged on shares of energy companies.

The Hang Seng index rose 1.0 percent to 24,056.98 points, while the China Enterprises Index gained 0.7 percent to 10,056.17.

France will hold the first round of its two-stage presidential election on Sunday.

The energy sector was flat after oil prices tumbled overnight.

Software makers were strong, up over 3 percent, led by index heavyweight Tencent.

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