Hong Kong stocks rise as tech and healthcare stocks gain

Aug 23 (Reuters) – Hong Kong stocks rebounded Monday from a nearly 10-month low last week, helped by gains in tech and healthcare stocks.

** The Hang Seng Index rose 1.1% to 25,109.59, while the Chinese Enterprise Index gained 0.8% to 8,815.56.

** The Hang Seng Technology Index rebounded 2.1% after falling 2.5% to a record low on Friday as regulatory crackdowns rocked investor confidence.

** Games and social media giant Tencent rose 2%, after buying 240,000 shares of the company for HK $ 101.7 million ($ 13.1 million).

** Food delivery giant Meituan rose 1% and e-commerce giant Alibaba Group fell 3.7%.

** Members of the ruling Communist Party in the technology hub city of Hangzhou have been ordered to resolve any potential conflict of interest in matters involving themselves or relatives, the watchdog body said. grafts from the country.

** Hangzhou is home to some of China’s largest software and internet companies, including Alibaba.

** The Hang Seng Healthcare sub-index jumped 4.8%, its biggest daily gain since July 29. Healthcare companies Wuxi Biologics and Alibaba Health Information Technology jumped 7.3% and 6.1%, respectively.

** Hong Kong Exchanges and Clearing Ltd gained 5.7% on plans to launch A-share index futures contracts.

** China Evergrande group hit its lowest level in nearly six years, while related companies also collapsed in Hong Kong as the real estate developer continued to grapple with massive debt.

** China Evergrande Group shares fell 12.4% to their lowest level since September 2015. Evergrande Property Services Group fell 9.14%, while China Evergrande New Energy Vehicle Group fell 26. 9% to its lowest level in 14 months. (Reporting from the Shanghai Newsroom; Editing by Subhranshu Sahu)