Hang Seng Index eventually leaped 137 pts or 0.6% to 24,306 at close, with the day high at 24,419, Hang Seng China Enterprises Index fell 16 pts or 0.1% to 10,783. Market turnover increased $94.721 billion.
Heavyweight blue chips drove the market higher. As Alibaba is going to make its debut on the NYSE, TENCENT (00700.HK) gained 1.9%; CHINA DONGXIANG (03818.HK), holding interest in Alibaba, closed higher by 1.8%.
Other software and mobile game stocks also advanced, with SINOSOFT TECH (01297.HK) and KINGDEE INT'L (00268.HK) up 5.3% and 4.9% respectively. NETDRAGON (00777.HK), FORGAME (00484.HK) and BOYAA (00434.HK) also soared 4.4%, 7.7% and 6.5%.
Gaming stocks rebounded. SANDS CHINA LTD (01928.HK) and GALAXY ENT (00027.HK) ticked up 3.6% and 3%, respectively, both becoming top gainers among blue chips. HSBC HOLDINGS (00005.HK) gained 1.7%. STANCHART (02888.HK) and AIA (01299.HK) also elevated 0.9% and 2.4%.
As iPhone 6 series were approved by the MIIT for launch in Mainland, CHINA MOBILE (00941.HK) soared $1.8 and CHINA TELECOM (00728.HK) moved up 0.4%, while CHINA UNICOM (00762.HK) tumbled 1.9%.
AAStocks Financial News
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