Hang Seng Tech Closes Up 5.55%, Consumer Retail Sector Leads Gains

36Kr reports that the Hang Seng Index closed up 3.67% while Hang Seng Tech rose 5.55%. The consumer retail, software services, and media sectors led gains, with NetEase rising over 9%, Alibaba up more than 8%, and Tencent Music gaining 8%. The oil and gas, coal, and semiconductor sectors posted the largest declines, with Lanqi Technology falling over 6%, Yankuang Australia down more than 5%, and China Petroleum & Chemical dropping over 4%. Southbound funds net sold HK$21.326 billion.