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Tuesday, June 30, 2015, 16:22

HK shares rebound, HSI up 1%

By Reuters

Hong Kong stocks reversed early losses and ended Tuesday firmer, cheered by sharply rebounding mainland shares, but the excitement was curbed by weak global risk appetites as Greece veered towards defaulting on its debt.

The Hang Seng Index rose 1.1 percent, to 26,250.03, while the China Enterprises Index gained 2.3 percent, to 12,981.23 points.

For the month, the Hang Seng fell 4.3 percent, the biggest monthly drop since September 2014. Still, the benchmark index was up 11.2 percent in the first half.

The market took cues from Chinese mainland stocks, which surged on Tuesday as a slew of government measures to stem a two-week-long market slide appeared to win back some investor confidence.

But investors were worried about developments in Greece and Europe.

Hong Kong stocks rose across the board.

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