HONG KONG Feb 6 Hong Kong shares rebounded on
Wednesday from the previous day's tumble, helped by strength in
China Mobile and other defensive counters that showed investors
The Hang Seng Index closed up 0.5 percent at
23,256.9. The China Enterprises Index of the top Chinese
listings in Hong Kong rose 0.3 percent. Both indexes had slid on
Tuesday to their lowest close since Jan. 8.
The CSI300 of the top Shanghai and Shenzhen
A-share listings ended up 0.2 percent at its highest close since
September 2011. The Shanghai Composite Index stretched
its winning streak into an eighth day, ending up 0.1 percent.
* Popular defensive plays, which lagged behind as more
growth-sensitive stocks powered the rally from lows last year,
were broadly higher. Hong Kong utilities provider Power Assets
gained 1.6 percent and China Mobile rose 1
* Chinese property developers sank after a plan that Beijing
announced late on Tuesday to tackle inequality included an
expansion of a property tax pilot programme to more cities.
* The Macau gambling sector was hit by a report in The Times
of London that Beijing is planning a crackdown after the Lunar
New Year holiday next week on triad-linked "junket" operators
who bring high-rollers from mainland China.