Hong Kong stocks rebounded for 2nd straight day, tech firms, drugmakers outperformed; A-shares closed higher, drugmakers, software firms rose
Hong Kong stocks rebounded for 2nd straight day, tech firms, drugmakers outperformed; A-shares closed higher, drugmakers, software firms rose

Hong Kong stocks rebounded for 2nd straight day, tech firms, drugmakers outperformed; A-shares closed higher, drugmakers, software firms rose

 

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The Hang Seng Index gained 1% to close at 15,293, the Hang Seng China Enterprises Index up 0.72% and the Hang Seng Tech Index rallied 2.5%.

Technology heavyweights were mostly higher, with Meituan up 5%, Xiaomi and Kuaishou up 3.5%, Tencent up 2.5%, Baidu slightly higher, while Alibaba and NetEase closing lower.

Pharmaceutical companies outperformed, with Cansino Biologics surging by more than 20%. Internet healthcare companies, automakers, semiconductor companies, wind power companies, mobile gaming companies were mostly higher.

Hog breeding companies, coal miners, oil companies, mainland Chinese property developers and property management companies were mostly lower.

The Shanghai Composite Index gained 0.78% to close at 2,999, the Shenzhen Component Index up 1.68% and the tech-heavy Chinext Price Index up 2.5%.

Software developers, education companies, pharmaceutical companies led the gains. Catering companies, hotels and tourism companies were mostly higher. 

Hog farmers, coal miners, property developers and banks were mostly lower.