Hong Kong stocks rebound from biggest weekly slide in five months as traders change tack to skirt Beijing’s regulatory assault

Hong Kong stocks rebounded from their biggest weekly loss in five months, as traders shifted their money into companies with attractive valuations and whose businesses are underpinned by government policy.

The Hang Seng Index rose 0.9 per cent to 26,198.65 at the noon break, reversing a loss of as much as 0.8 per cent earlier in the session. New-energy vehicle and solar power stocks advanced, while China Resources Land led gains among property developers, the cheapest sector in the benchmark index.