Tech sector sees moderate gains
Hong Kong’s stock market saw positive movements in several high-volume tech stocks. Tencent Holdings Limited (700) rose 1.05%, closing at 405.2 HKD, reflecting continued investor confidence in its diversified business model. Xiaomi Corporation (1810) experienced a 1.96% increase, closing at 28.55 HKD, buoyed by strong demand in the smartphone and electronics markets. Semiconductor Manufacturing International Corporation (981) followed suit, adding 0.95% to finish at 26.65 HKD.
Automobile sector leads gains with Geely
Among other sectors, Geely Automobile Holdings Limited (175) posted the highest percentage gain of 5.46%, closing at 13.90 HKD. The increase signals robust interest in the automobile sector amid reports of growing electric vehicle sales. AIA Group Limited (1299), representing the insurance sector, gained 1.06%, closing at 57.40 HKD, supported by positive market sentiment. Meanwhile, Meituan (3690) dipped slightly by 0.41%, ending at 168.9 HKD, hinting at profit-booking by investors after recent rallies.
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