Press Releases in Hong Kong

Hong Kong shares rise, led by tech and financials

SHANGHAI – Hong Kong shares rose on Monday after China vowed to advance the opening up of its financial sector, with technology and financials stocks leading the gains.

The Hang Seng index rose 1.0 percent, to 26,163.63, while the China Enterprises Index gained 0.9 percent, to 9,371.15 points.

Hang Seng Tech Index added 0.7 percent, and the Information Technology sub-index jumped 2 percent.

Index heavyweight Tencent Holdings surged 3.5 percent, after a report unveiled its plan to launch a WeChat personal cloud service.

E-commerce giant Alibaba Group and food-delivery giant Meituan were up 1.9 percent and 1.1 percent, respectively.

The financials subindex gained 1.1 percent. Constituent AIA Group went up 2.3 percent and pushed the Hang Seng Index up 47 points.

BYD Co Ltd jumped 7.2 percent and was the biggest daily gainer on the Hang Seng Index, after the carmaker tripled its sales volume of new energy vehicles in August from a year ago.

WuXi Biologics gained 3.9 percent, the second biggest daily gainer on the Hang Seng Index. The healthcare sub-index added 2.4 percent.