** At the close of trade, the Hang Seng index was up 448.81 points or 1.88% at 24,280.14. The Hang Seng China Enterprises index rose 2.27% to 9,875.59, its best daily performance since March 25.
** Investors in Hong Kong are hunting for bargains, in particular stocks with high dividend yields such as Chinese banks, said Zhang Qi, analyst with Haitong Securities. Banking shares are at their low valuation since Hang Seng index dropped by more than 16% in Q1, Zhang added. ** The market is expecting the government to unveil a stimulus package after the first week of May to further counter the economic hit from the pandemic, said Xiao Shijun, an analyst at Guodu Securities.
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