Hong Kong stocks, A-shares open higher after previous sell-off, tech stocks higher across board
STOCKS
Hong Kong stocks, A-shares open higher after previous sell-off, tech stocks higher across board
STOCKS

Hong Kong stocks, A-shares open higher after previous sell-off, tech stocks higher across board

 

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Hang Seng Index open higher on Wednesday after a sell-off one day earlier. The Hang Seng Index opens 0.9% higher, the Hang Seng China Enterprises Index up 1.1% and the Hang Seng Tech Index surging 1.8%.

Technology heavyweights are higher across the board, with Alibaba Group surging more than 4%, Baidu up more than 3%, and JD.com up nearly 3%.

Biotech companies, education companies, electric power companies, casino operators and mobile phone component suppliers are mostly higher. Mainland property developers and property management companies are rebounding.

Drugmakers, home appliance makers and shipping companies are trading lower.

Chinese A-shares open higher, with the benchmark Shanghai Composite Index edging up 0.08% at 3,188, the Shenzhen Component Index up 0.23% at 12,148, and the tech-heavy Chinext Price Index up 0.32% at 2,687.

Automakers, environmental protection companies, petrochemical companies, education companies are leading the gains, while precious metal companies, tourism companies, catering companies are mostly lower.