HK shares snap 2-day slump to jump 4 percent

HONG KONG, June 10 (Reuters) - Hong Kong shares rose 4 percent on Wednesday, recouping losses made in the previous two sessions on expectations of strong China economic data, but Li & Fung (0494.HK) trailed on news of Arcandor's (AROG.DE) insolvency.

The benchmark Hang Seng Index .HSI finished 727.17 points higher at 18,785.66, with bourse operator Hong Kong Exchanges & Clearing (0388.HK) in the lead following a broker upgrade.

The China Enterprises Index .HSCE of top mainland companies was up 5 percent at 11,033.55.

(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)