Hong Kong Stock Market Close Review: Hang Seng Tech Index rose 2.53%, Alibaba surged 9%
At the close of Hong Kong trading, the Hang Seng Index rose 1.37%, and the Hang Seng Tech Index rose 2.53%. The Hong Kong Tech ETF (159751) rose 2.33%, and the Hang Seng Hong Kong Stock Connect ETF (159318) rose 2.11%. Among sectors, interactive media and services and personal care products saw the largest gains, while biotechnology and forestry and paper products saw the largest declines. Among individual stocks, Alibaba (WR) rose 9.58%, Alibaba (W) rose 9.16%, Lens Technology rose 6.38%, and SMIC rose 5.72%. Giant Biopharmaceuticals fell 11.96%, and Volkswagen Utilities fell 12.5%. China National Traditional Chinese Medicine rose 16.28%, and Hisense Home Appliances rose 14.37%.