0157 GMT - Hong Kong's Hang Seng Index rises 2.1% to 24095.71, led by tech stocks. Markets are likely digesting announcements from China's National People's Congress. Consumption and innovation priorities were heavily emphasized by Premier Li Qiang, with subsidies announced which will benefit manufacturers for appliances, EVs and electronic devices, Maybank analysts write in a note. Kuaishou Technology jumps 7.7%, Alibaba Group rises 6.5% and Tencent Holdings gains 5.0%. The Hang Seng Tech Index is 3.4% higher. Among decliners, Chow Tai Fook Jewellery Group falls 2.3%, Cnooc loses 1.5% and Xinyi Solar is 1.4% lower. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 20:57 ET (01:57 GMT)
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