People wearing face masks following the coronavirus outbreak travel past Chinese and Hong Kong flags at the office of the Government of the Hong Kong Special Administrative Region in Beijing on Monday (May 25). Beijing plans to write a new security law for Hong Kong that bans treason, subversion and sedition after months of massive, often-violent pro-democracy protests last year. - Reuters
HONG KONG: Hong Kong stocks reversed early losses to end higher on Monday, helped by gains in tech and consumer firms, in anticipation of further stimulus measures from Beijing to boost domestic consumption and seek tech self-sufficiency.
At the close of trade, the Hang Seng index was up 22.10 points or 0.1% at 22,952.24. The Hang Seng China Enterprises index ended 0.42% firmer at 9,465.94.
The top gainer on the Hang Seng was Hong Kong Exchanges and Clearing Ltd, which gained 6.18%, while the biggest loser was Hang Seng Bank Ltd, which ended 3.79% lower.
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