0157 GMT - Hong Kong shares rebound in early trade, recovering from a sharp selloff stemming from U.S. tariffs fears. The Hang Seng Index gains 2.6% to 20335.67, a day after posting its biggest single-day percentage loss since the 1997 financial crisis. "It remains to be seen when the equities selloff will eventually end. U.S. President Trump seemed determined to follow through with his extreme tariff policy," UOB analysts say in commentary. Among major stocks, tech companies lead gains, with the Hang Seng Tech Index up 4.4%. Alibaba is 4.2% higher, Meituan adds 5.1% and NetEase is up 11%. Decliners include CLP Holdings, which is 0.8% lower, and MTR Corp., down 0.8%. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 21:57 ET (01:57 GMT)
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