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Hong Kong stocks rise 0.1%, supported by financial shares

Dow Jones Newswires ·  Aug 17, 2021 22:39  · Markets

0152 GMT - Hong Kong stocks rise in early trade, reversing Tuesday's 1.7% decline, supported by some financial shares. $Xinyi Solar(00968.HK)$ is the top gainer with a 6.2% rise. $Hong Kong Exchanges and Clearing(00388.HK)$ gains 1.3%, $Ping An Insurance(02318.HK)$ climbs 1.2% and $AIA Group Limited(01299.HK)$ is 0.8% higher.

 Among tech giants, $Alibaba Group(810016.HK)$ drops 0.8% and $TENCENT HOLDINGS(TCTZF.US)$, which is due to release its 1H results later in the day, slips 0.6%. KGI Securities expects Chinese tech stocks to be under pressure, citing draft regulations released Tuesday. 

The Hang Seng Index is 0.1% higher at 25767.26. (clarence.leong@wsj.com)

(END) Dow Jones Newswires

August 17, 2021 21:52 ET (01:52 GMT)

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