Hong Kong shares jumped 1.74 percent on Thursday, adding to the previous day's advance following a positive lead from Wall Street. The benchmark Hang Seng Index added 390.74 points to end at 22,828.18 on turnover of HK$73.19 billion (US $9.44 billion). Chinese shares ended 0.30 percent higher. The benchmark Shanghai Composite Index rose 6.10 points to 2,047.35 on turnover of 112.9 billion yuan ($18.4 billion).
But the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.76 percent, or 19.25 points, to 1,075.48 on turnover of 158.9 billion yuan. Hong Kong closed at a six-week high. Technology shares helped the market higher led by a 5.2 percent rise in Tencent Holdings Ltd, which has the second-largest weighting in the index. The Chinese Internet company hired Barclays to advise it on the potential purchase of a stake in online retailer JD.com Inc, The Wall Street Journal reported on Thursday. China bank stocks were also on the rise in Hong Kong after analysts deemed their valuations too low. Industrial and Commercial Bank of China and China Construction Bank rose 2 percent and 1.9 percent respectively.
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