Hong Kong stocks fluctuated on Thursday as investors took profit following a strong rally fuelled by technology stocks a day earlier.
The Hang Seng Index was little changed at 26,517.46 as of 9.45am. The Hang Seng Tech Index gained 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both lost less than 0.1 per cent.
Chinese home appliance giant Haier Smart Home fell 3 per cent to HK$25.52. Hang Seng Bank slumped 2 per cent to HK$115.80, and NetEase dropped 1.4 per cent to HK$234.
Zijin Mining Group, one of the largest gold and copper producers in China, rose 5.6 per cent to HK$31.32. Chinese search engine giant Baidu surged 2.6 per cent to HK$131.90, and JD.com rose 1.9 per cent to HK$135.80.
Chery Automobile, China’s biggest car exporter, rose 10.4 per cent to HK$33.94 in its trading debut in Hong Kong on Thursday. The company cancelled its listing ceremony after Super Typhoon Ragasa hit the city.
Elsewhere in the Asia-Pacific region on Wednesday, Japan’s Nikkei 225 rose 0.2 per cent, South Korea’s Kospi fell 0.1 per cent and Australia’s S&P/ASX 200 was little changed.
