0818 GMT - Hong Kong shares closed higher amid positive sentiment. The benchmark Hang Seng Index rose 3.3% to 23787.93 and the Hang Seng Tech Index advanced 4.5%. Among the biggest gainers, Longfor Group rose 11% and Meituan gained 9.8%. China International Capital Corp. closed 19% higher after a media report that it could merge with peer China Galaxy Securities. China Galaxy Securities jumped 17%. Meanwhile, China Mobile led losses, down 1.4%, while Cnooc dropped 1.2%. Today's Hong Kong budget speech didn't provide any significant upside surprises and had a limited impact on the stock market, analysts said. Investors are watching for China's upcoming Two Sessions meeting to start next week. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 26, 2025 03:18 ET (08:18 GMT)
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