SHARES snapped a six-week losing streak yesterday, their longest string of weekly losses in a year, as China’s cash crunch eased and investors hunted for bargains after the market’s recent heavy sell-off.
The Hang Seng Index closed up 1.8 per cent at 20,803.29 points, while the China Enterprises Index of the top Chinese listings in Hong Kong rose 1.7 per cent.
Both climbed to their highest closing levels in one week.
But they lost 6.7 and 14.5 per cent, respectively, for the quarter. Reuters