HSI rallies on back of mainland growth

The Hang Seng Index rose 61 points, or 0.31 percent, to 19,584, lifted by mainland economic growth beating market expectations.
The HSI has cumulated a gain of 519 points, or 2.72 percent, this week.
The China Enterprise Index rose 10 points, or 0.14 percent, to 7,108, while the Technology Index gained 61 points, or 1.39 percent, to 4,479.
SMIC (0981) hit a multi-year high, closing up 9.6 percent at HK$39.45, the best-performing blue-chip and topping the turnover list.
Tech stocks showed mixed performance. Tencent (0700) fell 0.7 percent, Alibaba (9988) rose 0.4 percent, Meituan (3690) edged up 0.1 percent, Xiaomi (1810) gained 1.8 percent, JD.com (9618) climbed 4.7 percent, and Kuaishou Technology (1024) dipped 0.1 percent.

(Melody Chen)