HK stocks recuperate with tech shares still gathering steam

Hong Kong stocks opened higher on Friday, with investor sentiment improving after the previous day’s steep adjustment.

The benchmark Hang Seng Index opened 212 points or 0.97 percent higher at 22,027, while the Tech Index rose 75 points or 1.43 percent to 5,310 at the opening bell.

Tech stocks continued to perform well with Tencent (0700) rising 1.7 percent while Alibaba (9988) gaining 0.1 percent.

Meituan (3690) advanced 1.4 percent, Xiaomi (1810) increased 1.8 percent, JD.com (9618) went up 2.3 percent and Kuaishou Technology (1024) climbed 3.3 percent.