Hang Seng Index reverses to close up 74 points at 24345, financials and property stocks rise
The Hang Seng Index fell before turning higher, hitting an early low of 23987, down more than 280 points, before recovering in the afternoon and closing at the day's high of 24345, up 74 points, with turnover on the main board nearing $187.6 billion. Financial and property sub-indices rose by nearly 1 per cent or more, with Bank of China Hong Kong up more than 3 per cent and Shenzhou International up nearly 4 per cent, the biggest gainer among blue chips. The tech index fell nearly 1 per cent to 4136, with Hua Hong Semiconductor down more than half a per cent.