Hong Kong stocks closed at their highest since mid-November 2021 on Thursday, as investors cheered on an easing of China-US tensions.
The benchmark Hang Seng Index hit a new high since October 2021 at 25,735 points at one point, but failed to hold on to it. It closed at 25,667 points, up by 129 points or 0.51 percent from Wednesday.
The main board market turnover fell slightly to HK$294.8 billion.
Financial heavyweights performed well with HSBC (0005), Hong Kong Exchanges and Clearing (0388), and Ping An Insurance (2318) all rising more than 1.9 percent.
Shares of WuXi Biologics (Cayman) (2269) rose 3.8 percent after expecting a 54 percent rise in net profit in the first half.
The Hang Seng Tech Index, however, bucked the trend and inched down 2 points to 5,743.
In the mainland, the Shanghai Stock Exchange Composite Index rose 0.65 percent to 3,605 points and the Shenzhen Stock Exchange Component Index gained 1.21 percent to 11,193 by noon.
STAFF REPORTER
