November 29, 2024 at 04:45 am EST
(MT Newswires) -- Hong Kong stocks finished the week slightly higher following reports that impending US restrictions on the Chinese semiconductor industry may be less severe than expected.
The Hang Seng Index rose 0.3%, or 56.65 points, to close at 19,423.61. The Hang Seng China Enterprises Index likewise added 0.3%, or 22.17 points, to end at 6,946.68.
Sentiment in the local equities market improved after Bloomberg News reported, citing people familiar with the matter, that Washington was considering lighter-than-anticipated curbs on sales of chip equipment and AI memory semiconductors to China.
The US will also not add ChangXin Memory Technologies, which is working on AI memory chip technology, to its entity list, according to the report.
In corporate news, Mokingran Jewellery Group (HKG:2585) had a stellar trading debut in Hong Kong. The jewelry retailer closed at HK$12.9 per share, up 7.5% from its IPO price of HK$12.
Meanwhile, Hong Kong-listed shares of BeiGene (HKG:6160, SHA:688235) closed 5% higher after four company drugs were added to China's national medical insurance catalog.

Sumber : MT Newswires