Hang Seng Index’s Worst Slump in 15 Months Has a Silver Lining
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Hong Kong stocks may be poised for a near-term rebound after the aggressive selloff on Wednesday, if history is a guide.
The Hang Seng Index slumped 3.7% — the most in nearly 15 months — with all of its 82 members ending lower. That has pushed the gauge into oversold territory for the first time since August.