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Hong Kong: Stocks edge up

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Published Mon, May 16, 2022 · 05:27 PM
    • Throwback to April 2007, when Country Garden debuted on the Hong Kong Exchange, when company chairman Yeung Kwok-keung (left) toasted Ronald Arculli, the exchange chairman. On Monday, Country Garden was the biggest percentage gainer on the Hang Seng Index.
    • Throwback to April 2007, when Country Garden debuted on the Hong Kong Exchange, when company chairman Yeung Kwok-keung (left) toasted Ronald Arculli, the exchange chairman. On Monday, Country Garden was the biggest percentage gainer on the Hang Seng Index. REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE Hang Seng index ended Monday (May 16) up 0.3% to 19,950.21, while the China Enterprises Index gained 0.3 per cent to 6,826.31 points.

    Tech giants trading in Hong Kong ended almost flat after opening up 2.4 per cent, with food-delivery firm Meituan down 2.5 per cent. E-commerce behemoth Alibaba climbed nearly 3 per cent to provide the biggest boost to the Hang Seng benchmark.

    Mainland developers listed in Hong Kong surged 3.4 per cent, with Country Garden jumping more than 10 per cent to become the biggest percentage gainer in the Hang Seng Index.

    REUTERS

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