Hang Seng index up 1.92% at 16,828 points (Il Sole 24 Ore Radiocor) - Hong Kong , 23 Apr - Hong Kong shares closed sharply higher, further rebounding from a recent selloff and leading the gains amid strong Asian markets.

The city's stocks bounced back from more than five-week low hit on Friday as they tracked gains on Wall Street overnight on expectations of strong earnings results for tech companies.

Sentiment continued to be lifted by China securities regulator's decision to promote the city's status as a global financial center. The China Securities Regulatory Commission (CSRC) said on Friday that Beijing will facilitate Hong Kong listings by leading Chinese companies and expand the Stock Connect cross-border investment scheme.

In Hong Kong stock market dealings technology stocks rallied for a second day after Friday's selloff, with the Hang Seng Tech Index closing up 3.38%.

Bubble-tea maker Sichuan Baicha Baidao Industrial Co. dipped more than 38% in its trading debut in Hong Kong.

The Hang Seng index closed up 1.92% at 16,828 points.

AAA-Ver

(RADIOCOR) 23-04-24 11:32:58 (0351) 5 NNNN