HK stocks achieve three-year high thanks to tech sector gains

Hong Kong stocks ended this week at a three-year high on the extended frenzy surrounding China’s tech sector.

The benchmark Hang Seng Index gained 900 points or 4 percent to 23,460 points on Friday, the highest since February 2022. The full-day main board turnover increased to HK$393.59 billion.

For the whole week, the indicator rose 3.91 percent.

Tech shares continued to be the day's main driver, with the Hang Seng Tech Index jumping 6.5 percent to 5,859 points.