Hong Kong shares rally at open, Tencent up 3pc

Hong Kong stocks opened higher on Thursday, boosted by tech heavyweights.

The benchmark Hang Seng Index rose 190 points, or 0.8 percent, to 23,071.

The tech gauge went up 1.3 percent to 4,528.

Tech giants like Tencent (0700) and Alibaba (9988) advanced 3 percent and 2.6 percent, respectively.

JD Logistics (2618) jumped 6 percent at the open, marking the best performance among blue chips.

JD.com (9618), Meituan (3690), and Baidu (9988) also gained 3.8 percent, 2 percent, and 4.9 percent, respectively.

However, chipmakers broadly retreated, with SMIC (0981) and Hua Hong Semiconductor (1347) slipping 5.9 percent and 7.1 percent.

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