Hang Seng Index closes up 2.04%, Hang Seng Tech Index rises 2.29%

People’s Finance and News, April 1—The Hang Seng Index rose 2.04%, while the Hang Seng Tech Index gained 2.29%. The biotech and pharmaceutical sector led the gains, with Rongchang Biotech up more than 15%, Innovent Biologics up more than 11%, and BeiGene up more than 7%. Chip-related stocks strengthened: Hua Hong Semiconductor rose more than 7%, Zhaoyi Innovation rose more than 6%, and Semiconductor Manufacturing International Corporation rose more than 4%. Gold stocks moved higher, with Lingbao Gold up more than 10% and China Gold International up more than 7%. Oil and gas stocks fell, with Shandong Molong down more than 8% and China National Offshore Oil Corporation down more than 3%.

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