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Nikkei Markets

Hong Kong stocks cut May losses as Italy fears abate

ICBC and CCB post monthly declines amid China-US trade worries

HONG KONG (Nikkei Markets) -- Hong Kong shares rebounded on Thursday to trim the market's monthly loss as investor risk appetite improved after concerns over a political crisis in Italy eased.

The Hang Seng Index climbed 1.4% to end at 30,468.56, its sharpest single-day increase in a month. The 50-stock gauge still ended 1.1% lower for May, weighed down by concerns over U.S.-China trade relations, the back-and-forth between the U.S. and North Korea on a planned summit and fears of fund outflows.

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