Hong Kong shares rise as tech and health care shares acquire

Aug 23 (Reuters) – Hong Kong shares rebounded on Monday from an virtually 10-thirty day period lower hit past 7 days, aided by gains in technological innovation and healthcare stocks.

** The Dangle Seng index rose 1.1% to 25,109.59, whilst the China Enterprises Index acquired .8% to 8,815.56.

** The Cling Seng Tech Index rebounded 2.1% immediately after dropping 2.5% on Friday to a file low as regulatory clampdowns shattered investor self confidence.

** Gaming and social media huge Tencent rose 2%, following it purchased back again 240,000 company shares for HK$101.7 mln ($13.1 mln).

** Foodstuff-delivery huge Meituan rose 1% and e-commerce large Alibaba Team declined 3.7%.

** Members of the ruling Communist Party in the engineering hub town of Hangzhou have been ordered to solve any opportunity enterprise-associated conflicts of fascination involving by themselves or relations, the country’s graft watchdog explained.

** Hangzhou is dwelling to some of China’s top software package and world wide web companies, which includes Alibaba.

** The Cling Seng Health care sub-index jumped 4.8%, its greatest each day achieve considering that July 29. Health care companies Wuxi Biologics and Alibaba Well being Information and facts Technological innovation surged 7.3% and 6.1%, respectively.

** Hong Kong Exchanges and Clearing Ltd acquired 5.7% on plans to start A-shares index futures.

** China Evergrande Team hit lowest in nearly 6 many years though similar firms also slumped in Hong Kong as the house developer ongoing to wrestle with huge debts.

** China Evergrande Team shares plummeted 12.4% to touch their lowest degree because September 2015. Evergrande Home Products and services Team dropped 9.14%, whilst China Evergrande New Energy Auto Group slumped 26.9% to a 14-thirty day period reduced. (Reporting by the Shanghai Newsroom Modifying by Subhranshu Sahu)