Aug 23 (Reuters) – Hong Kong shares rebounded on Monday from an practically 10-month small hit final 7 days, helped by gains in know-how and health care stocks.
** The Dangle Seng index rose 1.1% to 25,109.59, though the China Enterprises Index acquired .8% to 8,815.56.
** The Dangle Seng Tech Index rebounded 2.1% soon after dropping 2.5% on Friday to a history low as regulatory clampdowns shattered trader self confidence.
** Gaming and social media large Tencent rose 2%, following it purchased back again 240,000 company shares for HK$101.7 mln ($13.1 mln).
** Food-shipping and delivery big Meituan rose 1% and e-commerce large Alibaba Team declined 3.7%.
** Associates of the ruling Communist Social gathering in the engineering hub metropolis of Hangzhou have been ordered to solve any opportunity business-relevant conflicts of desire involving on their own or kinfolk, the country’s graft watchdog stated.
** Hangzhou is house to some of China’s top computer software and online organizations, which include Alibaba.
** The Hang Seng Health care sub-index jumped 4.8%, its most significant every day acquire given that July 29. Healthcare companies Wuxi Biologics and Alibaba Well being Details Engineering surged 7.3% and 6.1%, respectively.
** Hong Kong Exchanges and Clearing Ltd attained 5.7% on plans to start A-shares index futures.
** China Evergrande Group hit cheapest in nearly 6 a long time though related providers also slumped in Hong Kong as the property developer ongoing to wrestle with massive debts.
** China Evergrande Team shares plummeted 12.4% to contact their lowest degree considering the fact that September 2015. Evergrande House Solutions Team dropped 9.14%, whilst China Evergrande New Electrical power Auto Group slumped 26.9% to a 14-thirty day period small. (Reporting by the Shanghai Newsroom Modifying by Subhranshu Sahu)