Stocks in Hong Kong jumped after China’s market regulator suspended securities lending of restricted shares listed on mainland exchanges to stabilise stock prices, adding to a slew of measures to stem a market rout. China Evergrande sank after losing a court case to fend off liquidation.
The Hang Seng Index gained 0.8 per cent to 16,077.24 on Monday, after surging as much as 1.9 per cent. The benchmark rebounded 4.2 per cent last week from a 15-month low. The Tech Index rose 0.5 per cent, while the Shanghai Composite Index weakened 0.9 per cent.
Major key Asian markets traded higher. South Korea’s Kospi advanced by 0.9 per cent and Australia’s S&P/ASX 200 added 0.3 per cent, while Japan’s Nikkei 225 added 0.8 per cent.
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