Hong Kong shares rise as tech and health care shares gain

Aug 23 (Reuters) – Hong Kong shares rebounded on Monday from an practically 10-month minimal

Aug 23 (Reuters) – Hong Kong shares rebounded on Monday from an practically 10-month minimal hit final week, served by gains in technology and healthcare shares.

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

** The Cling Seng Tech Index rebounded 2.1% following dropping 2.5% on Friday to a history low as regulatory clampdowns shattered investor confidence.

** Gaming and social media huge Tencent rose 2%, right after it acquired back again 240,000 enterprise shares for HK$101.7 mln ($13.1 mln).

** Foodstuff-supply giant Meituan rose 1% and e-commerce huge Alibaba Group declined 3.7%.

** Associates of the ruling Communist Occasion in the technological innovation hub city of Hangzhou have been purchased to resolve any opportunity small business-associated conflicts of curiosity involving themselves or relations, the country’s graft watchdog said.

** Hangzhou is household to some of China’s best software program and net companies, which includes Alibaba.

** The Dangle Seng Healthcare sub-index jumped 4.8%, its most significant day by day attain since July 29. Healthcare firms Wuxi Biologics and Alibaba Wellbeing Information Technologies surged 7.3% and 6.1%, respectively.

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

** China Evergrande Group strike lowest in almost six yrs while linked companies also slumped in Hong Kong as the residence developer continued to wrestle with huge money owed.

** China Evergrande Team shares plummeted 12.4% to contact their least expensive level given that September 2015. Evergrande Property Providers Group dropped 9.14%, even though China Evergrande New Vitality Vehicle Group slumped 26.9% to a 14-month small. (Reporting by the Shanghai Newsroom Enhancing by Subhranshu Sahu)