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Hong Kong Market extends gain on earnings

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. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Hong Kong Market closes at four-week high

Hong Kong stock market rose for third session in row on Tuesday, 20 April 2021, lifting the benchmark Hang Seng Index to a four-week high, after reports that mainland investors have plowed HK$26.1 billion in net buying of Hong Kong-listed stocks so far in April after withdrawing HK$12.7 billion in March. At closing bell, the benchmark Hang Seng Index added 0.1%, or 29.58 points, to 29,135.73, the highest level since March 2021. The Hang Seng China Enterprises Index edged down 0.06%, or 7.08 points, to 11,085.87. Meituan jumped 1.5% to HK$293.60 after disclosing a plan to sell shares and convertible bonds worth US$9.6 billion to fund research and development in autonomous delivery vehicles, drone delivery and other cutting-edge technology.

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