(Corrects price moves for ANTA and Li & Fung)
HONG KONG May 15 Hong Kong shares rebounded
from a one-week low on Wednesday but investors were mainly
focused on a handful of stocks on hopes of an earnings
The Hang Seng Index ended up 0.5 percent at 23,044.2
points after closing on Tuesday at its lowest since May 6. The
China Enterprises Index of the top Chinese listings in
Hong Kong also rose 0.5 percent.
The CSI300 of the leading Shanghai and Shenzhen
A-share listings closed up 0.5 percent at 2,506.9 points. The
Shanghai Composite Index, which ended Tuesday at its
lowest since May 3, inched up 0.4 percent.
* Li & Fung surged 8.4 percent in its best daily
gain since November 2011 after its chairman was reported to have
said he expects earnings to return to 2011 levels, while UBS
upgraded its view on shares of the supply chain manager from
"sell" to "neutral".
* ANTA Sports jumped 9.3 percent as investors
cheered its flat rate of same-store sales growth in the first
quarter after the company had warned of negative figures for the
first two months of the year while reporting its 2012 annual
(Reporting by Clement Tan; Editing by Kim Coghill)