Hong Kong’s main equity benchmarks traded in a choppy morning session before closing higher by midday, according to market data from Gate. The Hang Seng Index was up 0.68% at the noon break, while the Hang Seng Tech Index gained 1.58%. Tech shares led much of the move. Xiaomi rose more than 4%, with Meituan and Kuaishou each up more than 2%. Baidu, Alibaba, and Tencent Holdings also posted gains of more than 1%. Financial names were active as well. China International Capital Corporation and Shenwan Hongyuan Hong Kong each climbed more than 8%, while Nanhua Futures and China Merchants Securities rose more than 5%. The move came after a volatile morning in Hong Kong’s broader market.
Hong Kong’s major stock indexes swung in morning trading and were higher by the midday close, according to market data from Gate. The Hang Seng Index rose 0.68%, while the Hang Seng Tech Index gained 1.58%.
Technology shares turned stronger during the morning session. Xiaomi rose more than 4%. Meituan and Kuaishou were each up more than 2%, while Baidu, Alibaba, and Tencent Holdings gained more than 1%.
Financial stocks were also active. China International Capital Corporation and Shenwan Hongyuan Hong Kong each rose more than 8%, while Nanhua Futures and China Merchants Securities gained more than 5%.
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