BEIJING: Hong Kong shares settled higher on Wednesday, led by gains in tech firms, as investors hoped that policymakers would avoid sudden credit policy tightening in 2021 to support an economic recovery from the pandemic-induced slump.
At the close of trade, the Hang Seng index was up 223.85 points, or 0.86%, at 26,343.10. The Hang Seng China Enterprises index rose 0.95% to 10,482.52.
The IT sector led the gains by rising 1.74%, while the financial sector ended 0.35% higher and the property sector rose 0.42%.
The top gainer on the Hang Seng was handset maker Xiaomi Corp, which rose 7.59% in its biggest daily gain in a month.
China's main Shanghai Composite index closed up 0.76% at 3,382.32, while the blue-chip CSI300 index ended up 0.85%.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
