Hong Kong stocks end 5-day slip on surge in mainland markets

Hong Kong stocks rebounded on Friday morning -- after losing 907 points over the past five trading days -- driven by a surge in mainland markets.

The benchmark Hang Seng Index surged 584 points, or 2.5 percent, to 24,047 at the midday break, with a market turnover of HK$158.96 billion. 

The Hang Seng China Enterprises Index gained 268 points, or 3.1 percent, to 8,908, while the Hang Seng Tech Index rose 2.7 percent, or 156 points, to 5,904.

WuXi Biologics (2269) jumped 14.4 percent to HK$26.65, making it the top gainer among blue chips, while CK Hutchison (0001) fell 4.6 percent to HK$47.15 -- the worst performer.

Among the Hang Seng Tech Index constituents, Meituan (3690) saw the largest gain, rising 5.9 percent to HK$174.20, while NIO (9866) recorded the biggest drop, falling 6.6 percent to HK$36.55.

In the mainland, the Shanghai Composite Index surpassed the 3,400-point mark for the first time this year, closing the morning session at 3,413 points, up 55 points or 1.65 percent. Meanwhile, the Shenzhen Component Index rose 221 points, or 2.06 percent, to 10,957.

STAFF REPORTER