Global Market: Hong Kong stocks rise as pharma, tech shares lead gains
4 Articles
4 Articles
Global Market: Hong Kong stocks rise as pharma, tech shares lead gains
Hong Kong stocks gained on Tuesday, led by pharmaceutical and technology shares, with the Hang Seng rising 0.78% and Hang Seng Tech Index advancing 0.87%. Biotech firms WuXi Biologics and Sino Biopharmaceutical rallied over 4%. Property stocks remained weak amid residential market concerns, debt pressures and refinancing risks among developers.
Hong Kong's Hang Seng Index has increased by 1,0% thanks to the gains in technology and pharmaceuticals. This increase follows the record closing of the Nasdaq and takes place while the markets of Continental China remain closed for the National Festival.
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