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Comment (HONG KONG, July 9 (Reuters) - Hong Kong shares rebounded 2.8percent on Wednesday, recovering from the previous session'ssteep losses, with financials leading the way after the FederalReserve said it may keep open a lifeline for Wall Street bankshit by the credit crisis.
Retreating oil prices sent airline shares soaring, withCathay Pacific (0293.HK: Quote, Profile, Research, Stock Buzz) gaining 6.2 percent and Air China(0753.HK: Quote, Profile, Research, Stock Buzz) surging 7.9 percent.
Index heavyweight HSBC Holdings (0005.HK: Quote, Profile, Research, Stock Buzz) led the gains witha 2.9 percent jump, a day after it fell 2.4 percent as investorsfretted about further write-downs at major banks.
On Tuesday, Fed Chairman Ben Bernanke said the U.S. centralbank might extend emergency lending facilities for big WallStreet banks past year-end, calming worries in the global creditmarkets.
The Hang Seng Index...
