Hong Kong shares end at new 2-year high buoyed by tech stocks

HONG KONG, July 20 (Reuters) – Hong Kong stocks finished
higher for a ninth straight session on Thursday, its longest
winning streak since April 2015, as technology stocks powered
through.

Speakers maker AAC Technologies, which supplies to
Apple, rose 6.1 percent to an all-time high, in line
with tech stocks in the United States which broke dot-com era
records on Wednesday.

Much larger sector peer, Tencent Holdings, also
finished at a record high after a brief slowdown around mid-day.

The Chinese gaming and social media firm has added about 11
percent so far since July 7 when it announced it would launch
its mega-hit smartphone game in Europe and the United States
this year.

The benchmark Hang Seng index ended up 0.3 percent,
or 68.05 points at 26,740.21, its highest level since June,
2015. The Hang Seng China Enterprises Index, that tracks
the performance of China companies listed in Hong Kong, was 0.1
percent, or 13.69 points, lower at 10,846.83.

Energy and industrial shares were also
among the top gainers, with China Merchants Port Holdings
among the top advancers with a 4 percent rise.

(Reporting by Rushil Dutta in Hong Kong; Editing by Jacqueline
Wong)


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