Hang Seng rises 1.33% driven by tech companies

Share your love

Beijing, Aug 31 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with gains of 1.33% on a day that highlighted the good performance of large Chinese technology companies.

Meituan, Tencent and Alibaba saw increases of 6.48%, 2.36% and 3.48% respectively.

Xiaomi lagged behind the rest of the technology leaders after growing 0.40%.

All sub-indices, except Commerce and Industry (+3.03%), closed negative: Real Estate (-0.36%) and Finance (-0.60%) and Services (-0.18%).

State oil companies had mixed fortunes: Petrochina and Sinopec rose 3.33% and 2.43%, respectively, while Cnooc fell 0.26%.

It was a bad day for the insurance sector, with some of them like Ping An or AIA starring in some of the steepest drops of the day, -3.90% and -1.28% respectively.

In the real estate sector there was the biggest drop of the day: Longfor Group (-4.85%).

The WH Group food processing group (7.45%) had the highest increase of the day, followed by the Haidilao restaurant chain (6.80%)

The selective added 339.45 points to 25,878.99, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises, advanced 2.09%.

Article Source

Read Also   German trains maintain between 30 and 40% of services despite the national strike
Share your love