The Hang Seng Index opened higher today, gaining 104 points to reach 26,042, before extending its rise by 227 points, or 0.87%, to settle at 26,165. This marks the index's fourth consecutive day of increases. The Hang Seng China Enterprises Index also rose by 80 points, or 0.87%, to 9,323, while the Technology Index climbed by 105 points, or 1.8%, to 5,933. Trading volume on the main board reached HK$73.7 billion.
In the technology sector, stocks showed mixed results. Tencent rose by 1.5%, Alibaba experienced a significant gain of 3.5%, and Meituan increased by 2.1%. However, Xiaomi Group saw a slight decline of 0.4%, while JD Group surged by 3.7% and Kuaishou rose by 2.8%.
Financial stocks contributed positively to the market, with HSBC Holdings up by 0.5%, AIA Insurance increasing by 0.3%, China Ping An rising by 0.2%, and the Hong Kong Exchanges and Clearing climbing by 1.9%.
In contrast, Pop Mart experienced a downturn, falling by 2.8% and becoming the worst-performing blue chip on the index.
Source: DimsumDaily
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