Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
Hong Kong’s three major stocks index jumped by more than 1.4% in the morning session on Tuesday before narrowing gains before market close. The Hang Seng Index edged down 0.05% to close at 19,099, the Hang Seng China Enterprises Index down 0.24%, and the Hang Seng Tech Index down 0.17%.
Technology heavyweights were mixed, with NetEase up 2.6%, JD.com up more than 2%, Tencent and Kuaishou down more than 2%.
Mainland property developers and property management companies staged a strong rally on expectation of further policy easing to support the sluggish housing market, with Times China surging nearly 19%, Sunac China up 10.5%, KWG Group up 10% and Longfor Group up nearly 8%. Breweries, automakers, gold miners and oil companies were mostly higher.
Apple suppliers led the losses, with Cowell slumping more than 19%, as Apple’s newly unveiled AR headset Vision Pro caused market doubt over its demand due to high prices. Electric power companies, education companies, catering companies, solar power companies and mobile game companies were mostly lower.
