(Hong Kong) The Hang Seng Index initially opened lower by 12 points at 23,499 before showing a repeated positive trend, currently up by 168 points or 0.71% at 23,680.
Meanwhile, the H-share index has risen by 68 points or 0.8% to 8,588, and the technology index has climbed by 40 points or 0.77% to reach 5,229. Market turnover stands at 38.2 billion Hong Kong dollars.
As of 9.56am, the Hang Seng index was trading at 23,637.78, up by 125.29 points or 0.53% today on June 4th.
In the tech sector, Tencent saw a 1.4% increase, Alibaba rose by 0.5%, Meituan surged by 1.7%, Xiaomi Group gained 2%, and Kuaishou went up by 1%.
Financial stocks showed mixed movements with HSBC Holdings rising by 0.9%, AIA Group declining by 0.3%, China Ping An dropping by 0.9%, and Hong Kong Exchanges and Clearing advancing by 0.8%.
Among the automotive stocks, BYD Company rose by 2.5%, Geely Automobile surged by 3.3%, NIO climbed by 2.5%, XPeng Motors and Li Auto both increased by 1.3%. However, NIO Day giant CATL saw a slight decline of 0.3%.
Source: Dimsumdaily.hk
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