Chinese technology shares rebounded from a record low, during trading on Thursday, following the rise in US technology shares.
According to Arabiya Net, Thursday's rise comes after the technology index fell for five consecutive days, amid fears that the aggravation of the energy crisis could fuel inflation and raise revenues. Bonds.
As Hong Kong's Hang Seng Tech jumped as much as 4.7%, its biggest gain in more than six weeks, led by NetEase Inc and Kuaishou Technology which rose by at least 9%.
Tech stocks helped push the broader Hang Seng Index, which rose 2.6%.
Sentiment was also buoyed by US President Joe Biden's plans for a virtual meeting with Chinese President Xi Jinping, and a media report that the Daily Journal Corp. - headed by Charlie Munger. Warren Buffett's business partner - Increased stake in Alibaba Group Holdings Limited by 83% in the last quarter.
The Hong Kong real estate subscale also rose as much as 3.3%, after analysts noted no negative surprises in the city's chief executive's policy speech on Wednesday. .
Markets on the mainland are scheduled to reopen on Friday, after the Golden Week holiday.
