HONG KONG, June 26 Hong Kong's benchmark index
had its best day in 1-1/2 months on Thursday, with investors
upbeat on hopes that hikes in U.S. interest rates will be
delayed after a surprisingly poor reading on the economy for the
The Hang Seng Index closed up 1.5 percent at
23,197.83 points, its biggest daily gain since May 12. The China
Enterprises Index of the leading offshore Chinese
listings in Hong Kong also added 1.5 percent, bouncing back from
a one-month low the previous session and having its best day
since April 8.
Leading gains in Hong Kong were Macau gambling stocks, which
extended a rebound after months of selling pressure triggered by
regulatory curbs. Sands China climbed 4 percent and
Galaxy Entertainment Group 3.7 percent.
Lenovo Group was the only decliner among Hang Seng
components, down 1.0 percent after a media report said
International Business Machines Corp's proposed $2.3 billion
sale of its low-end server business to the Chinese PC maker is
in limbo as the U.S. government investigates national security
Local retailers Luk Fook Holdings International
and Sa Sa International Holdings spiked 4.1 and 3.1
percent, respectively, on solid results.
(Reporting by Grace Li; Editing by Richard Borsuk)