HONG KONG: Hong Kong shares have closed 0.72 per cent higher, clawing back early losses after a slump in Chinese shares left global equity markets trembling.
The benchmark Hang Seng Index added 153.39 points to close at 21,404.96 on turnover of HK$134.50 billion (A$22.36 billion).
Shanghai stocks closed down 7.63 per cent on Tuesday, piling on fresh heavy losses after their worst daily fall since 2007 sparked panic selling around the world.
China’s benchmark Shanghai Composite Index dropped 244.94 points to 2,964.97 on turnover of 358.7 billion yuan ($A77.72 billion) after slumping as much as 8.16 per cent during the day.
The close was the lowest since December 15 last year – and below the symbolically significant 3,000 point mark – while Bloomberg News said it marked the steepest four-day rout since 1996.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slumped 7.09 per cent, or 133.39 points, to 1,749.07 on turnover of 288.0 billion yuan.
