Hong Kong Stocks End Higher on Friday as Lenovo Leaps 8% to Lead Tech Gains
Hong Kong shares ended higher on Friday, October 16, with the Hang Seng Index gaining 124.11 points, or 0.52 percent, to close at 24,186.83 as technology stocks led advances. The Hang Seng TECH Index rose 47.25 points, or 1.16 percent, to 4,108.24, while the Hang Seng China Enterprises Index added 24.98 points, or 0.31 percent, to 8,128.25. The Hang Seng Biotech Index climbed 1.19 percent to 14,858.25.
Lenovo Group was among the notable movers, rising 8.01 percent to HK$28.06. Alibaba's Hong Kong-listed shares gained 2.26 percent to HK$108.80, while Xiaomi fell 1.55 percent to HK$26.66. Tencent closed at HK$417.80 and ranked among the market's highest-turnover counters with HK$7.90 billion traded, followed by Alibaba at HK$5.65 billion and Lenovo at HK$5.04 billion.
Trading on the Main Board reached HK$178.20 billion, while turnover on the Growth Enterprise Market stood at HK$63 million. Southbound Stock Connect trading recorded turnover of HK$42.31 billion through the Shanghai link and HK$23.10 billion through the Shenzhen link. (GSM, based on Hong Kong exchange data compiled by Business Today Malaysia)
Source: GSM · USA (original Chinese edition)
Photo: 香港维多利亚港夜景。Victoria Harbour, Hong Kong. Photo by Benh LIEU SONG, Wikimedia Commons, CC BY-SA 4.0.
