Hang Seng Index surges past 24,500 by midday, led by tech firms
Hong Kong shares surged by midday on 5 November, with the Hang Seng Index climbing 739 points to 24,659. Tech stocks drove gains as the Hang Seng Tech Index rose 4.79 per cent.
Hong Kong shares extended early gains and surpassed the 24,500 mark by noon on Thursday, led by tech giants. The benchmark Hang Seng Index surged 739 points, or 3.09 per cent, to 24,659 points by noon. The half-day market turnover was HK$198.3 billion.
The Hang Seng Tech Index jumped 4.79 per cent to 4,124 points at noon, underscoring the role of technology companies in the day's rally.
In mainland China, the Shanghai Stock Exchange Composite Index increased 0.1 per cent to 3,689 points, and the Shenzhen Stock Exchange Component Index went up 1.44 per cent to 11,498 points.