Hong Kong shares rebound after strong China loans data

Chinese lenders make new yuan loans worth $460 billion in January

HONG KONG (Nikkei Markets) -- Hong Kong shares rebounded from a seven-week low on Tuesday, spurred by extended gains in the U.S. and strong credit data from China.

The benchmark Hang Seng Index added 1.3% to 29,839.53, its first gain in three days. Social-media-and-gaming major Tencent Holdings jumped 3.1%, the biggest contributor by points to the gauge, while life insurer AIA Group rose 2.2%. Apple supplier Sunny Optical Technology Group was the top percentage gainer, climbing 5.7% after saying it expects 2017 net profit to more than double from a year ago.

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