After a >1,200-point drop last week, the Hang Seng opened higher and rallied to
reclaim the 23,000 level, rising about 400 points intraday. At the midday close
the Hang Seng Index was up 2.12% at 23,153.43 and the Hang Seng Tech Index rose
3.68% to 4,412.23; market turnover was HKD172.93 billion. Healthcare led gains,
with innovative-drug names strongest; internet and gaming stocks also
outperformed. Electronic components and optical-communications names lagged.
Notable movers: White Dove Online (02672.HK) +317.95% (midday), Yaojie Ankang-B
(02617.HK) +39.56%, Hengrui Medicine (01276.HK) +7.84%; Lenovo Group (00992.HK)
-9.64%, Yangtze Optical Fibre & Cable (06869.HK) -8.22%.
