HSI +1.1%, HSCE +0.9%, CSI300 +0.2% FTSE China A50 +0.2%
June 1 (Reuters) - Hong Kong stocks closed higher on Tuesday, supported by a bounce back in tech heavyweights, as investors hunted for bargains following sharp losses in May. At the close of trade, the Hang Seng index was up 316.20 points or 1.08% at 29,468.00. The Hang Seng China Enterprises index rose 0.93% to 10,990.75. Leading the gains, the Hang Seng tech index and the Hang Seng IT index climbed 2.5% and 3%, respectively. Kuaishou Technology ended up 9.2%, after a 26% slump in May, Meituan rebounded 6.5%, while Alibaba Group Holding Ltd gained 3.4% after losing 6.2% in May. Sentiment was also aided by continued inflows from mainland investors, who on Tuesday purchased net 6.4 billion yuan ($1.00 billion) worth of Hong Kong shares via the Stock Connect linking mainland and the city island, according to Refinitiv data.
HSI +1.1%, HSCE +0.9%, CSI300 +0.2% FTSE China A50 +0.2%
June 1 (Reuters) - Hong Kong stocks closed higher on Tuesday, supported by a bounce back in tech heavyweights, as investors hunted for bargains following sharp losses in May. At the close of trade, the Hang Seng index was up 316.20 points or 1.08% at 29,468.00. The Hang Seng China Enterprises index rose 0.93% to 10,990.75. Leading the gains, the Hang Seng tech index and the Hang Seng IT index climbed 2.5% and 3%, respectively. Kuaishou Technology ended up 9.2%, after a 26% slump in May, Meituan rebounded 6.5%, while Alibaba Group Holding Ltd gained 3.4% after losing 6.2% in May. Sentiment was also aided by continued inflows from mainland investors, who on Tuesday purchased net 6.4 billion yuan ($1.00 billion) worth of Hong Kong shares via the Stock Connect linking mainland and the city island, according to Refinitiv data.