Hong Kong's key stock index rebounds 14.4 percent

[October 28, 2008]  HONG KONG (AP) -- Hong Kong's benchmark stock index rebounded 14.4 percent after plunging 12.7 percent the previous day.

The territory's Hang Seng index surged 1,580.45 points to 12,596.29 on Tuesday.

Investors bought shares like major bank HSBC Holdings and conglomerate Hutchison Whampoa that had tumbled in recent days.

Asian markets have been hammered in recent weeks by fears that a global recession will slash their income.

[Associated Press]

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