Hong Kong stocks rebounded to just shy of the 26,000 level on Thursday.

Hong Kong stocks rebounded to just shy of the 26,000 level on Thursday.

The benchmark Hang Seng Index opened 43 points higher but then fluctuated downwards, falling as much as 111 points to a low of 25,649. It then rebounded by 230 points to a high of 25,990 before closing at 25,935, up 175 points or 0.68 percent.

The tech gauge rose 80 points or 1.45 percent to 5,615.

Total market turnover was HK$179.306 billion, with a net inflow of HK$1.48 billion from northbound trading.

Of the 88 blue-chip stocks, 65 rose.

HSBC (0005) closed up 0.3 percent, Hong Kong Exchanges and Clearing (0388) rose 0.5 percent and AIA (1299) fell 0.7 percent.

Alibaba (9988) gained 0.5 percent, and Tencent (0700) rose 0.2 percent.

Chip stocks performed well, with SMIC (0981) closing up 3.9 percent and Hua Hong Semiconductor (1347) rising 3.1 percent.

In mainland China, the Shanghai Composite Index closed flat at 3,875 points while the Shenzhen Component Index rose 0.4 percent to 13,006.