HK shares recover on China stimulus hopes
HONG KONG, Aug 20 (Reuters) - Hong Kong shares rebounded from early losses Wednesday, with the benchmark index climbing 1.99 percent on hopes of a stimulus package to aid fragile mainland stock markets, bucking weak sentiment in the region.
Chinese finance and insurance stocks advanced, with China Life (2628.HK: Quote, Profile, Research, Stock Buzz) gaining 4.7 percent, China Construction Bank (0939.HK: Quote, Profile, Research, Stock Buzz) up 3 percent and ICBC (1398.HK: Quote, Profile, Research, Stock Buzz) up 2.6 percent.
The Hang Seng Index .HSI unofficially closed 407.64 points higher at 20,892.01 points.
The China Enterprises Index .HSCE of top locally-listed mainland firms jumped 4.27 percent. (Reporting by Judy Hua; editing by Jonathan Hopfner)
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