ECONOMY | Staff Reporter, Hong Kong

Market rebounds with 2.8% HSI rise

The IT sector performed best in the Hang Seng Composite Index.

The Hong Kong market rebounds in response to China's expected economic recovery, with the Hang Seng Index (HSI) and the Hang Seng China Enterprises Index (HSCEI) rising by 2.8% and 3.9%, respectively.

Hang Seng TECH Index, which tracks major technology players in Hong Kong, grew 6.3%.

Meanwhile, the information technology sector (+12.8%) performed best and the telecommunications sector (-4.4%) the worst in the Hang Seng Composite Index.

Assets under management (AUM) in products passively tracking indexes in the Hang Seng Family of Indexes reached US$35.5b. AUM in exchange-traded products linked to the HSI and the HSCEI were US$20.6b and US$5.4b, respectively.

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