Hong Kong Stocks Open Higher, Tracking Wall Street Gains
Hong Kong stocks opened higher on Friday, with the Hang Seng Index rising 1.08 per cent to 24,321 points, buoyed by overnight US market gains. Biotech and tech shares led the advance, while gold-related stocks also climbed.
Hong Kong stocks opened higher on Friday, tracking the performance of the overnight US market. The benchmark Hang Seng Index rose 258 points, or 1.08 per cent, to 24,321 points.
The tech gauge increased by 1.59 per cent to 4,125 points. Biotech shares led the gains, with BeOne Medicines (6160) and Innovent Biologics (1801) both jumping over 4 per cent, marking the two largest gains among blue chips.
Tech heavyweights Tencent (0700) and Alibaba (9988) climbed 1.5 per cent and 2.3 per cent, respectively. Supported by the gold price hike, Zijin Mining (2899) also opened 1.5 per cent higher.