5:08 pm - Friday May 18, 2012

HK stocks seen rebounding after selloff

Hong Kong stocks are set to rise on Wednesday as global markets, particularly in Japan, stabilize, although market players will remain on edge as details emerge about Japan’s earthquake-stricken nuclear plants.

Hong Kong’s Hang Seng index .HSI fell 2.9 percent on Tuesday on heavy turnover as Japan’s Nikkei plunged on reports that radiation levels in Tokyo could rise.

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