Hong Kong stocks rise for third day as China’s state media adds view to calm investors on regulations


Source: scmp.com scmp.com

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Hong Kong stocks rose for a third day, buoyed by Chinese tech companies again, as regulatory headwinds subsided and state-run mainland media sought to temper worries about market policies. The Hang Seng Index added 0.6 per cent to 26,517.26 in early Wednesday trading, and was headed for the highest close in more than three weeks. The Shanghai Composite Index advanced 0.3 per cent to 3,686.17. Tech giants continued to rally, lifting the Hang Seng Tech Index’s cumulative gain to 18 per cent from its lowest point in August. Meituan jumped 2.3 per cent to HK$263.40 while Tencent Holdings appreciated 1.7...