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BEIJING/SHANGHAI Hong Kong shares edged up on Wednesday, with tech and healthcare stocks leading the gains, while the index tracked global equities higher on positive vaccine news and stimulus hopes. At the close of trade, the Hang Seng index was up 253.00 points or 0.97% at 26,460.29. The Hang Seng China Enterprises index rose 0.6% to 10,461.9. The sub-index of the Hang Seng tracking IT sector rose 1.48%, the financial sector ended 0.71% higher and the property sector rose 0.93%. Investors seemed to have shrugged off deep losses in Hong Kong-listed shares of Semiconductor Manufacturing International Corp after the chipmaker fell up to 9.6% on report of a key executive’s decision to leave the company. The top gainer in the Hang Seng was Techtronic Industries Co Ltd, which gained 5.11%, while the biggest loser was Industrial and Commercial Bank of China Ltd, which fell 1.27%. Overnight, global stocks gained as positive coronavirus vaccine news and p
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BEIJING/SHANGHAI China shares rose on Wednesday, with financials and energy shares leading the gains, as optimism around a recovery in the world’s second-largest economy outweighed losses in top chipmaker SMIC and the tech-heavy index. At the midday break, the Shanghai Composite index was up 0.18% at 3,373.16, while its blue-chip CSI300 index was up 0.22%. The financial sector sub-index was up 0.35%, and the energy sub-index up 0.47%. The start-up board ChiNext Composite index was weaker by 0.27% and Shanghai’s tech-focused STAR50 index was down 1.29%, dragged by the slump of heavy-weight Semiconductor Manufacturing International Corp . Shanghai-listed shares of SMIC slumped as much as 9.8% before it dropped 7% at the mid-day break after the company said its board is aware of Mong-Song Liang’s intention to resign from CEO position on Wednesday. The smaller Shenzhen index was down 0.16%. Broadly on the economic recovery front, analyst say