Press Releases in Hong Kong

Hong Kong stocks rise on tech, property rebound

Hong Kong stocks rose nearly 2 percent on Friday, marking their best day in a month, helped by a rebound in tech and property shares.

The Hang Seng Index rose 1.8 percent, to 23,493.38 points, while the China Enterprises Index gained 2.0 percent, to 8,231.28 points.

The Hang Seng Tech Index gained 2 percent, bouncing from a record low hit in the previous session.

The Hang Seng Property Index rose 2.5 percent, while Hong Kong-listed mainland developers jumped 4.6 percent, the biggest one-day percentage rise in nearly two months.

However, shares of mainland developer Shimao Group Holdings slumped.

Shimao’s Hong Kong-listed shares slumped 5 percent to the lowest closing level since early-2009.