Wed, 29 Sep 2021

Hong Kong stocks rally on strong tech firms

Xinhua
30 Jul 2021, 06:44 GMT+10

HONG KONG, July 29 (Xinhua) -- Hong Kong stocks gained for a second straight day on Thursday, led by bullish tech firms.

The benchmark Hang Seng Index climbed 3.3 percent to finish at 26,315.32 points, and the Hang Seng China Enterprises Index rose 3.8 percent to close at 9,415.69 points.

Turnover of the main board totaled 254.12 billion Hong Kong dollars (about 32.68 billion U.S. dollars).

The technology sector that had suffered the most during the previous across-the-board declines rebounded strongly Thursday. The Hang Seng tech index surged 8 percent to 6,958.77 points, marking the largest daily gain on record.

Internet conglomerate Tencent rose 10.02 percent, and online life services platform Meituan gained 9.49 percent. E-commerce giant Alibaba went up 7.7 percent.

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