ADR premium of 192 points, Alibaba rebounds, tech stocks support the market

Hong Kong stock ADRs closed 192 points higher than the Hang Seng Index on Friday. Technology stocks such as Alibaba, Tencent, NetEase, Trip.com, and JD.com generally rose, with Trip.com seeing the largest increase of 5.1%, providing support to the Hang Seng Index. AIA Group, China Construction Bank, and Ping An also saw slight gains. However, HSBC ADR fell slightly by 0.4%. The Hang Seng Index night market futures were 244 points higher at 22,916 points, and the National Index futures were 100 points higher

The Hong Kong stock ADR closed 192 points or 0.85% higher than the Hang Seng Index on Friday, reporting 22,864 points.

Alibaba. AP Photo

Alibaba (09988) rebounded, with its ADR closing 3.8% higher than the Hong Kong closing price at HKD 92.94, contributing 54 points to the Hang Seng Index; Tencent (00700) ADR closed at HKD 418.14, 1.5% higher than the Hong Kong closing price, contributing 27 points to the Hang Seng Index; NetEase (09999) ADR closed at HKD 194.23, 3.6% higher than the Hong Kong closing price. Trip.com (09961) ADR closed at HKD 320.66, 5.1% higher than the Hong Kong closing price; JD.com (09618) ADR closed at HKD 99.5, 3.6% higher than the Hong Kong closing price.

AIA Group (01299) ADR closed at HKD 71.5, 1% higher than the Hong Kong closing price; China Construction Bank (00939) ADR closed at HKD 8.32, 0.8% higher than the Hong Kong closing price; Ping An Insurance (02318) ADR closed at HKD 51.21, 1.3% higher than the Hong Kong closing price. HSBC Holdings (00005) ADR closed at HKD 147.04, 0.4% lower than the Hong Kong closing price, affecting the Hang Seng Index by 9 points.

CSPC Pharmaceutical Group (01903) ADR closed at HKD 6.43, 3.9% lower than the Hong Kong closing price.

The Hang Seng Index night market futures closed at 22,916 points, up 216 points, 244 points higher than yesterday's Hang Seng Index closing of 22,671 points, with a turnover of 12,092 contracts. The night market futures for the China Enterprises Index closed at 7,561 points, 100 points higher than yesterday's closing