Hang Seng Index rebounds by noon on Monday, Z.AI slumps 7 percent

Hong Kong stocks closed higher by noon on Monday.

The benchmark Hang Seng Index reversed course and rose 87 points, or 0.4 percent to 24,893 at noon.

The half-day market turnover was HK$107 billion. 

The Hang Seng Tech Index was up by 0.2 percent to 4,327 points at noon. 

Shares of Z.AI (2513) plunged 7.3 percent following a share and bond sale plan to raise HK$39 billion.

In the mainland, the Shanghai Stock Exchange Composite Index was up by 0.2 at 3,894 points and the Shenzhen Stock Exchange Component Index went down 0.3 percent to 13,436 points at the midday close.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓