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Investors traded cautiously on Wednesday, bringing a mixed picture to markets in the region ahead of the release of the closely watched US inflation d.
Read more about Hong Kong Market extends losses to sixth day on Business Standard. At closing bell, the benchmark Hang Seng Index declined 0.13%, or 38.75 points, to 28,742.63. The Hang Seng China Enterprises Index dropped 0.23%, or 24.77 points, to 10,704.75.
Hong Kong stock market finished session lower on Wednesday, 02 June 2021, as investors booked profit after hitting a three-month high yesterday on healthy two-day run-up, with technology and healthcare stocks being notable losers
At closing bell, the benchmark Hang Seng Index declined 0.58%, or 170.38 points, to 29,297.62. The benchmark on Tuesday reached the highest level since March 3. The Hang Seng China Enterprises Index dropped 0.35%, or 38.91 points, to 10,951.84.
The sub-index of the Hang Seng tracking the commerce & industry sector fell 0.52% and the finance sector fell 0.82%, while utilities sector added 0.02%, and the properties sector added 0.02%.
Shares of technology and healthcare companies retreated on profit booking.
At closing bell, the benchmark Hang Seng Index advanced 1.12%, or 323.41 points, to 29,078.75.
The Hang Seng China Enterprises Index increased 1.18%, or 128.72 points, to 11,067.84.
Mainland investors has bought combined HK$39.6 billion worth of Hong Kong-listed stocks so far this month, reversing total net selling of HK$12.7 billion in March.
Technology stocks rose, with Meituan, China s biggest online food delivery platform, surging 4.9% to HK$306.40. Alibaba Health Information Technology rallied 5.3% to HK$23.80 and Wuxi Biologics advanced 4.4% to HK$115.
Shares of Ping An jumped 1% to HK$87.10 after posting a 4.5% increase in first-quarter income.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)