HONG KONG, Sept 29 (Reuters) - Hong Kong shares rebounded
from a three-week low on Tuesday, buoyed by an overnight rally on
Wall Street, as investors scooped up shares of oversold stocks
including banks and telecoms companies.
China's top e-commerce company, Alibaba.com, soared 6.91 percent after it agreed to buy a controlling stake in China Civilink (Cayman) in a deal that could be valued at up to $79.1 million to expand its customer base..
The benchmark Hang Seng Index rose 2.06 percent to 21,013.17.
The China Enterprises Index of top locally listed mainland Chinese stocks gained 2.01 percent to 11,988.37.
(Reporting by Sui-Lee Wee, Editing by Chris Lewis)
((suilee.wee@thomsonreuters.com; +852 2843 6314; Reuters Messaging: suilee.wee.reuters.com@reuters.net)) Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
China's top e-commerce company, Alibaba.com, soared 6.91 percent after it agreed to buy a controlling stake in China Civilink (Cayman) in a deal that could be valued at up to $79.1 million to expand its customer base..
The benchmark Hang Seng Index rose 2.06 percent to 21,013.17.
The China Enterprises Index of top locally listed mainland Chinese stocks gained 2.01 percent to 11,988.37.
(Reporting by Sui-Lee Wee, Editing by Chris Lewis)
((suilee.wee@thomsonreuters.com; +852 2843 6314; Reuters Messaging: suilee.wee.reuters.com@reuters.net)) Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.