Hong Kong’s Hang Seng Index gains as bargain hunters swoop in on hard-beaten technology stocks

Hong Kong’s benchmark stock index made its biggest intraday percentage jump in a month as investors scooped up technology stocks that have fallen to attractive levels, while casinos extended their slumps.

The Hang Seng Index rose by as much as 1.6 per cent, or 382.40 points, to an intraday high of 23,857.66, breaking a three-day losing streak even as worries of the new Omicron strain whipsawed global markets. The city’s tech gauge gained 1.1 per cent. The Hang Seng China Enterprise Index, which tracks the performance of China-based companies, advanced by 1.8 per cent to an intraday high of 8,520.90.