The Hang Seng Index rose 0.1 per cent to 24,771.14 at the close, hovering near a three-year high. The Hang Seng Tech Index dropped 1.1 per cent. On the mainland, the CSI 300 Index added 0.1 per cent and the Shanghai Composite Index slipped 0.1 per cent.
Technology stocks were mostly lower. Tencent, the third-largest weighting on the city’s stock benchmark at 8.1 per cent, slipped 0.2 per cent to HK$540.00. Alibaba Group Holding dropped 1.6 per cent to HK$141.10 and China Unicom sank 4.5 per cent to HK$9.16 after the mobile operator’s full-year earnings fell short of expectations.
On the positive side, China Resources Beer Holdings rallied 5.4 per cent to HK$30.05 after Daiwa Securities raised the 12-month price target for the brewer by 6 per cent, citing better prices and margins…
