Hong Kong stocks close higher, Meituan surges 14pc

Hong Kong shares ended higher on Wednesday, led by Chinese food delivery giants.

The benchmark Hang Seng Index advanced 272 points, or 1.09 percent, to 25,335, with the full-day turnover of HK$350.9 billion.

The Hang Seng Tech Index lifted by 1.91 percent to 4,922.

Meituan (3690) surged 13.9 percent after the state media called an end to the price war in the food delivery market, marking the best performer among blue chips.

Alibaba (9988) and JD.com (9618) also jumped 4.6 percent and 4.9 percent on the news, respectively.

Notably, Pop Mart (9992) sank 22.5 percent to a half-year low despite its newly released robust earnings, diving the most among blue chips.

In the mainland, the Shanghai Stock Exchange Composite Index rose 1.3 percent to 3,931 points, while the Shenzhen Stock Exchange Component Index went up 1.95 percent to 13,901 points.