Chinese Stocks Rally as Authorities Seek to Boost Confidence

(Bloomberg) — Chinese stocks in Hong Kong extended their rebound from the historic rout earlier this week, as authorities sought to bolster investor confidence in one of the world’s worst-performing markets this year.

The Hang Seng China Enterprises Index rose as much as 2.6% on Wednesday, adding to its 1.3% gain from the previous session. That followed a plunge on Monday that was its steepest since 2008. China’s benchmark CSI 300 Index climbed as much as 2%.