Hong Kong stocks rose the first trading day of the second half of the year, even as gains were pared by weakness in tech shares.
The benchmark Hang Seng Index jumped 300 points at one stage on Wednesday before paring gains to close 149 points, or 0.62 percent, higher at 24,221.
The Hang Seng China Enterprises Index rose 46 points, or 0.53 percent, to 8,724, while the Hang Seng Tech Index slipped 33 points, or 0.64 percent, to 5,269, marking its fourth straight day of losses.
The main board turnover was HK$240.2 billion.
Several major tech stocks slipped. Tencent (0700) and Alibaba (9988) both slipped about 0.3 percent, while Kuaishou (1024) dropped 2.8 percent and NetEase (9999) fell 1.3 percent. Xiaomi (1810) and Meituan (3690), however, edged up 0.3 percent and 0.6 percent respectively.
Asian shares stumbled after US President Donald Trump denied any plan to extend the July 9 deadline for a key round of tariff negotiations, dampening investor sentiment.
In the mainland, the Shanghai Composite Index was flat at 3,454 points, while the Shenzhen Component Index fell 63 points, or 0.61 percent, to close at 10,412.
STAFF REPORTER
