H-shares lead HK recovery from Thai shock

Hong Kong stocks recouped Tuesday's losses Wednesday and H-shares hit record highs after the Thailand government revoked restrictions on foreign investments in its exchange, the South China Morning Post reported. Hong Kong's stocks were amongst those across Asia that lost ground Tuesday in reaction to foreign capital control measures imposed by the country's central bank. The H-share index jumped 3.62% to hit a high of 9,470.4 points before easing back for a gain of 3.18% at 9,430.28. The rally was led by China Life Insurance, which saw its share price rise 8.16% to close at a high of HK$23.85. China Life, the nation's biggest life insurer, is due to price A-shares next week for an upcoming home listing.