A woman walks past Exchange Square which houses the Hong Kong Stock Exchange in Hong Kong on April 27, 2022. (DALE DE LA REY / AFP)
Hong Kong stocks ended higher on Tuesday, with the benchmark Hang Seng Index up by 5.23 percent to close at 15,455.27 points.
The Hang Seng Index rallied more than 6 percent in intraday trading, a massive surge led by technology companies that buoyed the market confidence after a monthlong slump
The Hang Seng Index rallied more than 6 percent in intraday trading, a massive surge led by technology companies that buoyed the market confidence after a monthlong slump.
The Hang Seng China Enterprises Index, a benchmark that reflects the overall performance of the Chinese mainland securities listed in Hong Kong, soared 5.49 percent to end at 5,209.6 points.
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The Hang Seng Technology Index, which represents the 30 largest technology companies listed in Hong Kong, jumped 7.8 percent to close at 3,075.16 points. The index rocketed as high as 9 percent in the afternoon session after it slumped about 17 percent in October.
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Internet-based service provider Meituan saw the largest increase, with 16 percent at its peak. Chinese mainland short-video platform Kuaishou Technology soared 14 percent, getting a boost from the Double Eleven shopping festival.
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Shares of technology giant Tencent soared about 12 percent at their highest, marking a high for the recent seven trading days, while Alibaba rose more than 10 percent in intraday trading.
With Xinhua inputs