HSI recovers as tech sector regains strength - RTHK
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HSI recovers as tech sector regains strength

2017-12-07 HKT 16:42
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  • Concerns about oil prices continued to hold back Hong Kong market. File photo: RTHK
    Concerns about oil prices continued to hold back Hong Kong market. File photo: RTHK
Hong Kong shares edged up on Thursday, boosted by a rebound in technology firms after a recent sell-off though gains were tempered as energy firms were hit by an overnight dive in oil prices.

The Hang Seng Index rose 0.3 percent, to close at 28,303.

But the benchmark Shanghai Composite Index lost 0.7 percent, to 3,272.05 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.60 percent, or 11.23 points, to 1,868.42.

Tokyo stocks rallied after three days of losses, but regional markets were dogged by several political concerns, the latest being Donald Trump's recognition of Jerusalem as Israel's capital.

Japanese market recovered from a 2 percent drop in the key index the previous day and the Nikkei 225 index gained 1.5 percent, to close at 22,498.

Sydney and Wellington were each up 0.5 percent. But Singapore and Seoul both slipped 0.5 percent.

However, strong gains in big chips including Amazon, Facebook and Google parent Alphabet in New York provided some buying impetus for the sector in Asia.

Tencent jumped 3 percent, AAC technology in Hong Kong surged 2.4 percent and Sony rose 1.8 percent while Samsung was 1.4 percent higher. (AFP)