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Comment (* Li & Fung sharply higher after Temasek stake buy
* CITIC Resources rallies on spin-off news
(Updates to mid-day)
By Parvathy Ullatil
HONG KONG, Sept 8 (Reuters) - Hong Kong shares rose 3.9percent on Monday, rebounding from a 17-month low, with sentimenttowards financials lifted by the federal takeover of troubledU.S. mortgage lenders Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz).
Shares in HSBC Holdings (0005.HK: Quote, Profile, Research, Stock Buzz), Europe's largest bank,jumped 4.5 percent after the U.S. government took control of thehousing finance giants to bolster the ailing housing market.
Mainland Chinese banks which own bonds issued by thebeleagured home financers also pushed ahead, with ChinaConstruction Bank (0939.HK: Quote, Profile, Research, Stock Buzz) gaining 4.3 percent and ICBC(13...
