Hong Kong market gains, Tencent bounces back

Hong Kong stocks ended higher on Wednesday, recovering some of the previous day’s sharp losses with technology giant Tencent edging up, although traders remain on edge over North Korea tensions.

The Hang Seng Index rose 0.5 percent, to 25,521.

The benchmark Shanghai Composite Index gained 0.8 percent, to 3,207 while the Shenzhen Composite Index, which tracks stocks on the mainland’s second exchange, rose 0.9 percent, to 1,913.

In Japan, stocks rebounded, though nervous investors continue to keep close track of soaring tensions in Asia. The benchmark Nikkei 225 added 0.3 percent, to 20,081.

Seoul also added 0.3 percent and Singapore jumped 0.8 percent. Sydney finished 0.4 percent off while Wellington and Jakarta also edged down.

Asian tech firms saw some much needed buying after suffering a recent sell-off. Hong Kong-listed Tencent edged up from Tuesday’s fall of more than 4 percent, while AAC Technologies also bounced and Sony jumped 0.8 percent in Tokyo. (AFP)


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