Hong Kong stocks jump most in a month

Hong Kong stocks jumped the most in a month on Thursday, erasing a quarterly loss, as they extended a recovery from the selloff that immediately took place after the United Kingdom's vote last week to leave the European Union.

The Hang Seng Index added 1.8 percent, taking its gain since March 31 to 0.1 percent. CK Hutchison Holdings Ltd and HSBC Holdings Plc, among companies most closely tied to Europe, added to Wednesday's rebound as anxiety over Brexit abated.

Kweichow Moutai Co rose to a record as it paced an advance by mainland consumer shares, while the Shanghai Composite Index slipped 0.1 percent, capping a second quarterly drop.