Hong Kong shares rebound in weak turnover, lifted by China holiday spending

Hong Kong shares rebounded on Tuesday, buoyed by a solid performance in China’s markets as investors cheered strong Golden Week holiday spending in the mainland’s property and retail sectors.

But gains came in weak turnover, with traders reporting low buying interest in Chinese financials ahead of a batch of fresh economic data from China. September loan growth and money supply data are expected by October 15.

The Hang Seng Index finished up 0.9 per cent at 23,178.9 points, while the China Enterprises Index of the top Chinese listings in Hong Kong climbed 1 per cent. Both indexes had posted losses on Monday.