0831 GMT - Hong Kong shares ended higher, supported by tech and property stocks. The market continued to assess China's first-quarter economic indicators and is watching for further developments in the U.S.-China trade war. Tech stocks led gains, with NetEase rising 4.6% and Alibaba Group adding 3.1%. Shares of real-estate companies were higher as investors bet that Beijing will provide more stimulus to support the property sector, given that Chinese exports will be hit by higher U.S. tariffs. Longfor Group rose 4.5% and China Overseas Land & Investment added 2.9%. Among the few decliners, WH Group lost 3.0% and China Mengniu Dairy shed 1.3%. The benchmark Hang Seng Index closed 1.6% higher at 21395.14. The Hang Seng Tech Index climbed 1.9%. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 17, 2025 04:31 ET (08:31 GMT)
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