Hong Kong stocks rebounded to close higher on Wednesday as weak economic data from China reinforced expectations that Beijing will roll out more stimulus, while a slight softening in rhetoric from U.S. President Donald Trump eased trade worries.
The Hang Seng index ended up 0.5% at 28,268.71, while the China Enterprises Index gained 0.4% to 10,804.14 points.
Growth in China’s industrial output slowed more than expected to 5.4% in April from a year earlier, pulling back from a surprising strong 4-1/2-year high of 8.5% in March. Retail sales were also worse than expected, with the headline number rising 7.2%, the slowest pace since May 2003.
Source : Reuters