HK shares bounce modestly after sell-off

Hong Kong shares rebounded early Wednesday from the previous session’s heavy sell-off as a sharp recovery overnight on Wall Street from steep early lows spurred bargain buying in beaten-down exporters and banking stocks. The Hang Seng Index was at 19,138.10, tacking on 0.9% although the extent of rise was smaller than Tuesday’s 3.5% slump, while the Hang Seng China Enterprises Index gained 1.5% to 10,884.47. Foxconn International Holdings Ltd.