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Hong Kong Stock Midday Review: Hang Seng Index rises 0.98% and reclaims 26,000-point mark, technology and finance stocks gain strength, energy stocks remain weak
Gelonghui, March 17 — The Hong Kong stock market continued yesterday’s rebound in the morning session, with the Hang Seng Index rising 0.98% to regain the 26,000-point level. The State-owned Enterprise Index and Hang Seng Tech Index increased by 0.93% and 1.34%, respectively. Leading technology stocks continued to drive the market higher, with Meituan up nearly 4%, Alibaba and Xiaomi up over 2%. Large financial stocks also boosted the rally, especially Chinese brokerage firms, with CITIC Securities surging over 7% to lead the gains. Gold, automotive, and property stocks generally moved higher. Meanwhile, energy sectors such as oil and coal stocks declined, and semiconductor stocks, which surged significantly yesterday, pulled back. (Gelonghui)