(Hong Kong) As April inches towards its final trading day, the Hang Seng Index opened higher by 30 points or 0.13%, reaching 22,038 points. Concurrently, the Hang Seng China Enterprises Index dropped by 16 points or 0.2%, settling at 8,051 points, while the Hang Seng TECH Index rose by 10 points or 0.2%, closing at 5,030 points.
In the tech sector, notable developments unfolded with Tencent edging up by 0.4%, Alibaba climbing by 1.2%, Meituan seeing no significant change, Xiaomi Group declining by 0.4%, JD.com slipping by 0.1%, and Kuaishou ascending by 0.1%.
Following the release of first-quarter financial results by local banks, stock prices exhibited mixed movements. Industrial and Commercial Bank of China and China Construction Bank both declined by 0.7%, while Bank of China saw a 0.6% drop. Agricultural Bank of China, however, experienced a 1% increase. Among other financial stocks, stability was observed with HSBC Holdings rising by 0.2%, AIA Group gaining by 3.9% post-results, China Ping An edging up by 0.3%, and Hong Kong Exchanges and Clearing climbing by 0.4%.
Source; Dimsumdaily.hk
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