June 22, 2024

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Latest technological developments

Hong Kong shares increase, led by tech and financials

SHANGHAI, Sept 6 (Reuters) – Hong Kong shares rose on Monday following China vowed to advance the opening up of its monetary sector, with technology and financials shares main the gains.

The Cling Seng index rose +1.%, to 26,163.63, even though the China Enterprises Index acquired +.9%, to 9,371.15 details.

** China’s central financial institution and financial regulators vowed about the weekend to raise the large-amount opening of the monetary sector by optimising institutional preparations and improving polices, the formal China Every day noted.

** Cling Seng Tech Index added .7%, and the Information Technology sub-index jumped 2%.

** Index heavyweight Tencent Holdings surged 3.5%, following official China Every day reported that it planned to launch a WeChat personal cloud support. Tencent also done a share buyback for HK$ 102.3 million last 7 days.

** E-commerce huge Alibaba Team and foods-supply large Meituan have been up 1.9% and 1.1%, respectively.

** The financials subindex obtained 1.1%. Constituent AIA Team went up 2.3% and pushed the Hold Seng Index up 47 details.

** BYD Co Ltd jumped 7.2% and was the biggest everyday gainer on the Dangle Seng Index, following the carmaker tripled its sales volume of new strength autos in August from a year back.

** WuXi Biologics acquired 3.9%, the second most important day-to-day gainer on the Cling Seng Index. The healthcare sub-index extra 2.4%.

** Indebted China Evergrande Team declined .8%, its bonds had been suspended from buying and selling by equally Shanghai and Shenzhen Exchanges as prices slumped.

Reporting by the Shanghai Newsroom Editing by Alexander Smith