Business Recorder
HONG KONG: Hong Kong stocks climbed on Monday, tracking a firmer tone in the Asian markets, with technology shares leading gains and a higher risk appetite among investors as oil prices flatlined. Mainland China’s financial markets remain closed for the Labour Day holidays and will resume on Wednesday. At the midday break, the Hang Seng Index was up 1.7% at 26,216.39. The Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Index rose 1.64% to 8,824.61. Top three percentage gainers on the Hang Seng were Xiaomi Corp, up 8.75%, Alibaba up 5.63%, and Xinyi Solar advanced 5.59%. Top three percentage losers on the Hang Seng were CNOOC , which declined 2.52%, Galaxy Entertainment, which slipped 2.29% and PetroChina, down 2.08%. Top gainers among H-shares were Xiaomi, KE Holdings Inc advanced 6.9%, and Alibaba. The three biggest H-shares percentage decliners were CNOOC, PetroChina Co and Agricultural Bank of China, down by 0.52%. The sub-index of the Hang Seng index tracking energy shares dipped 1.5% while the IT sector rose 2.9%. ‑Reuters
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