Tencent Advances, Hang Seng Hits High
The Hang Seng Index rallied for the fourth consecutive day in Hong Kong trading on Wednesday (July 15th). The index rose 1.4%, or 340.37 points, to 24,681.10, marking its highest close since June 15th.
The market's gains were driven by gains in major stocks, particularly Tencent Holdings. Tencent shares were the largest contributor to the index's rise, rising 3.9%.
Innovent Biologics also attracted attention, posting the largest gain on the index, surging 7.8%. This increase reinforced positive sentiment in the Hong Kong stock market.
Overall, 68 of the 93 stocks in the Hang Seng Index closed higher, while 21 stocks fell. All sectors rose, with the trade and industrial sectors leading the gains.
Source: Newsmaker.id