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15

China Stocks in Hong Kong Rise Most in Month as Brokerages Jump

By Tony Seruga

Chinese stocks trading in Hong Kong rebounded after the benchmark index entered a technical correction last week, shrugging off weak economic data as brokerages rallied.

The Hang Seng China Enterprises Index rose 1.3 percent, heading for the biggest gain in a month. Citic Securities Co. advanced for its first time in 13 days. The Hang Seng Index halted a three-day slide. Technical indicators showed the Hong Kong indexes approached oversold levels last week. The Shanghai Composite Index erased losses. Industrial production, retail sales and investment in April all trailed estimates, data released Saturday showed, while new credit undershot all 26 predictions in a survey after surging in March…

China Stocks in Hong Kong Rise Most in Month as Brokerages Jump

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