Hong Kong shares rise as tech shares rebound

  • 8/10/2021
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Aug 10 (Reuters) - Hong Kong shares finished higher on Tuesday, as investors snapped up oversold tech stocks battered by China’s regulatory crackdown. ** The Hang Seng index rose 1.2% to 26,605.62 and the China Enterprises Index gained 2% at 9,499.18 points. ** Tech shares led the gains, with the Hang Seng TECH Index rising 2.38%. The index has tumbled around 10% over the past two weeks. ** China’s food delivery giant Meituan surged 8.4%, extending its strong rebound recently, while index heavyweight Tencent Holdings jumped 5.3%. ** Heavily indebted property developer Evergrande jumped 7.3% on report of stake sale in its electric vehicle, property units. ** The utilities sub-index fell 0.4%, and the industrials sub-index also dropped 0.4%. ** Around the region, MSCI’s Asia ex-Japan stock index edged up 0.3%, while Japan’s Nikkei index closed up 0.2%. (Reporting by the Shanghai Newsroom; Editing by Amy Caren Daniel) Our Standards: The Thomson Reuters Trust Principles.

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