Hong Kong stocks closed above 26,000 level by Monday noon

Hong Kong stocks closed above 26,000 level by noon on Monday.

The benchmark Hang Seng Index rose 150 points to 26,057 points as of midday, after opening at 25,999.

The half day turnover recorded HK$132.1 billion.

The tech gauge dipped 0.24 percent to 5,894 at noon.

Alibaba (9988) dropped by 1.5 percent and Tencent (0700) lost 0.56 percent.

However, Xiaomi (1810) and Meituan (3690) gained 3.5 percent and 0.3 percent, respectively.

Mininglamp Technology (2718) surged 103 percent on its first trading day in Hong Kong.

In mainland China, the Shanghai Composite Index closed flat at 3,956 points while the Shenzhen Component Index dipped 1 percent to 13,237.