Hong Kong stocks made a strong rebound on Friday morning, recovering from a 907-point loss over the past five trading days. The Hang Seng Index surged by 584 points or 2.5 percent, reaching 24,047 at the midday break, with a total market turnover of HK$158.96 billion.
The Hang Seng China Enterprises Index gained 268 points, or 3.1 percent, to 8,908, while the Hang Seng Tech Index rose 2.7 percent, or 156 points, to 5,904.
WuXi Biologics (2269) saw the largest increase among blue-chip stocks, jumping 14.4 percent to HK$26.65. Conversely, CK Hutchison (0001) was the worst performer, falling 4.6 percent to HK$47.15.
Within the Hang Seng Tech Index, Meituan (3690) registered the largest gain, rising 5.9 percent to HK$174.20. On the other hand, NIO (9866) posted the biggest decline, dropping 6.6 percent to HK$36.55.
Meanwhile, in mainland China, the Shanghai Composite Index surpassed the 3,400-point mark for the first time this year, closing the morning session at 3,413 points, up 55 points, or 1.65 percent. The Shenzhen Component Index also made gains, rising 221 points, or 2.06 percent, to 10,957.
The rally in Hong Kong stocks was largely driven by the surge in mainland Chinese markets, providing a positive catalyst for the local market.
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