MARKETS & INVESTING | Staff Reporter, Hong Kong

Market Update: HSI up 0.47% amidst recoveries on industrial, healthcare firms

The Hang Seng Index (HSI) opened the trading week up by 136.44 points or 0.47% at 29,106.15, as industrial and healthcare firms rebounded amidst continued economic recovery.

Top performers for Monday were Sunny Optical Technology Group with 5.19% or $194.6 in gains, Geely Automobile which rose 4.82% or $22.85, and Alibaba Health Information Technology which climbed 3.37% or $23.

The Tech Index also increased 114.26 points or 1.39% to finish at 8,346.39.

Major regional stocks traded mixed as many are still cautious about the recorded recoveries across economies.

Meanwhile, record highs of major Wall Street indexes eased off as investors shifted focus to companies’ quarterly results to justify high valuations.

The S&P 500 slipped 22.21 points or 0.53% at 4,163.26, whilst Dow Jones Industrial fell 123.04 points or 0.36% at 34,077.63. NASDAQ was also down 137.58 points or 0.98% at 13,914.77.

London's blue-chip index also reversed its earlier gains due to a stronger pound and as weaker oil prices weighed on energy firms.

The FTSE 100 managed to stay above the 7,000 mark by a whisker, as it dropped 0.28% or 19.45 points at 7,000.08. The FTSE 250 index also went down 31.32 points or 0.14% at 22,490.86.


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