Hong Kong’s Hang Seng Index rebounds on US-China trade talk optimism
Hang Seng Index recovers from an intraday loss of as much as 0.9 per cent, snapping a four-day losing streak
The Hang Seng Index closed 0.2 per cent higher at 25,165.94, recovering from a loss of as much as 0.9 per cent in the morning session. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index jumped 1.1 per cent and the Shanghai Composite Index advanced 1 per cent.
Sunny Optical Technology jumped 9.7 per cent to HK$82.25 and chipmaker SMIC added 3.4 per cent to HK$51.75. Hong Kong developer Sun Hung Kai Properties advanced 2.3 per cent to HK$92.70, while lender Hang Seng Bank added 0.6 per cent to HK$112.30.
Short-video sharing platform Kuaishou Technology slumped 2.8 per cent to HK$71.90, while drug maker Hansoh Pharmaceutical Group slid 7.4 per cent to HK$35.96. Home-appliance maker Midea Group dropped 1.5 per cent to HK$81.40 and digital health services provider JD Health International retreated 4.4 per cent to HK$63.65.
