Hong Kong shares rise on tech raise forward of U.S. inflation information

Feb 10 (Reuters) – Hong Kong’s Dangle Seng index finished better on Thursday, led by tech shares, but gains had been limited ahead of U.S. inflation information that is predicted to provide additional clues about the Federal Reserve’s plans for desire price hikes.

** At the shut of trade, the Dangle Seng index (.HSI) was up 94.36 points, or .38%, at 24,924.35, soon after falling .73% earlier. The Hang Seng China Enterprises index (.HSCE) rose .76% to 8,789.92.

** Alibaba (9988.HK) was the major contributor to the Hang Seng’s increase, adding 2.86% on the day.

** Alibaba led a increase in the tech index (.HSTECH) which obtained .56% on the day. Meituan (3690.HK) rose 1.66% and JD.com Inc (9618.HK) additional 1.28%.

** China’s cyberspace watchdog claimed a symposium it held with Chinese tech giants such as Alibaba final month had supplied the marketplace a “clearer comprehension” of how to pursue upcoming development. examine additional

** The residence sector rose 1.63%, with China Evergrande Team (3333.HK) leaping 5.39%.

** The increase in Evergrande shares came soon after its chairman informed an inside conference on Sunday that the firm desires to clear its credit card debt by completely restoring development and income actions and not by marketing off assets on the affordable. examine extra

** WuXi Biologics (Cayman) Inc (2269.HK) was the largest loser on the Dangle Seng, falling 5.36% amid ongoing trader concern about the addition of its models to a U.S. Section of Commerce “unverified listing”. read more

** China’s major Shanghai Composite index (.SSEC) closed up .17% at 3,485.91 details, although the blue-chip CSI300 index (.CSI300) finished down .26%.

** About the region, MSCI’s Asia ex-Japan inventory index (.MIAPJ0000PUS) was firmer by .74%, while Japan’s Nikkei index (.N225) closed up .42%.

** The yuan was quoted at 6.3573 per U.S. greenback at 08:10 UTC, .08% firmer than the former shut of 6.3624.

Reporting by Andrew Galbraith Modifying by Rashmi Aich

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