Hang Seng Index rises 80 points, tech stocks stable
The Hang Seng Index opened higher by 80 points or 0.35%, standing at 22,856 points; the H-share index climbed 19 points or 0.24%, reaching 8,320 points; meanwhile, the technology index experienced a slight dip of 3 points or 0.06%, settling at 5,225 points.
In other notable developments, technology stocks demonstrated stability with Tencent rising by 0.4%, Alibaba by 1.1%, Meituan by 1.1%, Xiaomi Group by 0.5%, JD.com by 0.6%, and Kuaishou by 0.5%.
The financial sector displayed varied movements, with HSBC Holdings advancing by 0.8%, AIA Group rising by 1.2%, China Ping An declining by 0.4%, and Hong Kong Exchanges and Clearing edging down by 0.1%.
However, semiconductor stocks faced pressure in the aftermath, with Semiconductor Manufacturing International Corporation ( SMIC ) observing a decrease of 5.8%, and Shanghai Huahong Grace Semiconductor Manufacturing Corporation plunging by 9.2%.
Source: dimsumdaily.hk
