Hong Kong stocks regained some of the losses and inched up boosted by mainalnd market

Hong Kong stocks regained some of the losses and inched up by Thursday noon, boosted by the A-share market.

The benchmark Hang Seng Index opened 32 points higher and then fell sharply by 348 points to a low of 26,480. 

However, as mainland stocks extended gains, Hong Kong equities gradually recovered lost ground. 

The HSI closed the morning session at 26,840, up 11 points or 0.04 percent.

The tech gauge gained 41 points or 0.63 percent to 6,555 points.

Bolstered by mainland capital inflows, half-day turnover rebounded to HK$207.38 billion, with net northbound flows reaching HK$2.6 billion.

Chinese enterprises underpinned the market: Lenovo (0992) gained 6.4 percent, BYD Electronic (0285) rose 3.7 percent and Nongfu Spring (9633) gained 3.1 percent.

Tencent (0700) dipped 0.1 percent and Alibaba (9988) fell 0.7 percent.

HSBC (0005) proposed to privatise Hang Seng Bank (0011) at HK$155 per share and recommended delisting Hang Seng Bank. Hang Seng opened 15 percent higher, surged as much as 41.2 percent to a high of HK$168, and closed the morning session at HK$150.3, up 26.3 percent, making it the best-performing blue chip. HSBC, however, declined by 6.2 percent.