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Hong Kong Hang Seng Edges Forward 0.1% Despite Property, Tech Weakness

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Last updated: 11/24/2021 05:14:42

05:14 AM EST, 11/24/2021 (MT Newswires) -- The Hong Kong Hang Seng Index eked out a 0.1% gain on a late rally Wednesday, despite continued downdrafts in the property and tech sectors.

The broad gauge Hang Seng rose 33.92 to 24,685.50, as gaining issues outnumbered losers 30 to 27. The Hang Seng TECH Index fell 0.5% on the day, while the Mainland Properties Index declined 1.5%.

Leading the upside were online food-delivery service Meituan (3690:HK), up 3.0%, followed by Macau gaming-house Sands China (1928:HK), up 2.7%, and then Wuxi Biologics (2269:HK), up 2.7%.

On the downside were Alibaba Health Information Technology (241:HK), off 7.1%, and then smartphone-maker Xiaomi (1810:HK), off 7.0%, the latter after reporting earnings.

On the mainland, the Shanghai Composite rose 0.1% to 3,592.70.

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