Media365
The Hang Seng Index rose 0.2 per cent to 25,847.50 at 10am local time, adding to the 0.2 per cent gain in the previous session. The Hang Seng Tech Index fell 0.2 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index gained 0.1 per cent.
Leading the pack, Baidu rose 1.3 per cent to HK$121.70 and logistics firm ZTO Express Cayman advanced 0.9 per cent to HK$166.60. E-commerce heavyweight Alibaba Group Holding strengthened 0.4 per cent to HK$147 and peer JD.com climbed 0.4 per cent to HK$112.70. Chipmaker SMIC increased 1.3 per cent to HK$69.75 and sportswear producer Li Ning added 1.7 per cent to HK$19.51.
Short-video sharing platform Kuaishou Technology slumped 4.1 per cent to HK$64.10 after it said it suffered a cyberattack. Blind-box toymaker Pop Mart lost 2 per cent to HK$197.90 and travel-booking agency Trip.com dropped 1.4 per cent to HK$567. WeChat operator Tencent Holdings retreated 1.1 per cent to HK$608.50.
Distressed mainland Chinese developer China Vanke lost 1.4 per cent to HK$3.49, after creditors agreed to extend its bond grace period to January 28, but did not pass a proposal to extend the principal repayment by a year.
Overnight in the US, the S&P Index added 0.6 per cent and the Nasdaq rose 0.5 per cent.
