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<H Shrs>HSI Closes Up 29 Pts, but Techs Drop; LINK REIT Mounts 6%+
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Hong Kong stocks rose. The HSI ticked up 29 points or 0.1% to close at 22,691. The HSCEI ebbed 19 points or 0.2% to close at 8,242. The HSTECH slid 39 points or 0.8% to close at 5,200. Total market turnover for the day amounted to $240.05 billion.

Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), reiterated the intention to include REITs in Shanghai-/ Shenzhen-Hong Kong Stock Connect (SH-/ SZ-HK Stock Connect). LINK REIT (00823.HK) elevated 6.7% to close at $39.95, with a turnover of nearly $1.54 billion.

Moreover, WHARF REIC (01997.HK) leaped 2.1%. Chinese developers KWG GROUP (01813.HK) and AGILE GROUP (03383.HK) gained 4.6% and 2.2%, while Chinese manager CG SERVICES (06098.HK) cratered 5.5% as it provided a RMB1 billion revolving loan facilities to Yang Huiyan's subsidiaries for COUNTRY GARDEN (02007.HK)'s guaranteed home delivery.

Techs generally retreated. MEITUAN-W (03690.HK) added 0.4%, while JD-SW (09618.HK), BIDU-SW (09888.HK) and KUAISHOU-W (01024.HK) lost 0.5-0.8%. TENCENT (00700.HK), NTES-S (09999.HK), BILIBILI-W (09626.HK) and SMIC (00981.HK) waned 1.1-1.6%, while BABA-W (09988.HK) shed 2%. XIAOMI-W (01810.HK), HORIZONROBOT-W (09660.HK), KINGSOFT CLOUD (03896.HK) and HUA HONG SEMI (01347.HK) sagged 2.8-3.2%, while KINGDEE INT'L (00268.HK) and COWELL (01415.HK) eroded 4% and 6%.
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