The Hang Seng Index opened higher on Monday, gaining 48 points or 0.21% to reach 22,664. The China Enterprises Index rose by 20 points or 0.24% to 8,343, while the Technology Index climbed 19 points or 0.36% to 5,519.
Technology stocks showed mixed performance. Tencent Holdings edged up 0.1%, while Alibaba fell by 0.1%. Meituan and JD.com both gained 0.7%, with Kuaishou Technology rising 0.1%. Xiaomi Corporation remained unchanged.
Financial stocks exhibited varied results, with HSBC Holdings advancing 0.7%, while AIA Group and Hong Kong Exchanges and Clearing saw no movement. Ping An Insurance dipped slightly by 0.1%.
Chinese telecommunications stocks continued to attract investor interest. China Unicom surged 4.7%, and China Telecom rose 1.8%.
Tam Jai International Co., a Hong Kong-based restaurant group, soared 64% upon resuming trading following a proposal from its major shareholder to privatise the company.
Source: Dimsumdaily.HK
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