Hong Kong stocks extend rebound as proposed release from oil reserve soothes fears

Hong Kong stocks extend rebound as proposed release from oil reserve soothes fears

Hong Kong stocks rose on Wednesday as fears over surging oil prices eased and Chinese tech names rebounded after a deep rout. The Hang Seng Index gained 0.5 per cent to 26,028.00 as of 9.36am. The Hang Seng Tech Index edged up 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index were little changed. Oil prices fluctuated after the Wall Street Journal reported that the International Energy Agency proposed the largest ever oil release from its strategic reserve. The...

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