Hong Kong Stocks Rise Led by Pharma and Tech Shares
Hong Kong stocks rose on Tuesday, driven by gains in pharmaceutical and technology sectors. The Hang Seng index increased by 0.78%, while the Hang Seng Tech Index advanced 0.87%. Biotech companies WuXi Biologics and Sino Biopharmaceutical saw rallies of over 4%. However, property stocks remained weak due to concerns over the residential market, debt pressures, and refinancing risks faced by developers.
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