Hang Seng up 1.79% at 18,403 points (Il Sole 24 Ore Radiocor) - Hong Kong , 03 Jun - Hong Kong shares closed sharply higher, rebounding from a four-day drop session amid strong Asian markets.

The Hang Seng Index closed up 1.79% at 18,403 points.

In Hong Kong stock market dealings technology shares were among the biggest advancers, led by chipmakers, after US giant Nvidia Corporation unveiled a new line of artificial intelligence chips amid rapidly growing demand from the booming industry.

The Hang Seng Tech index jumped 2.53%.

The city's stocks logged in May a fourth straight month of gains, the longest since February 2021.

Concerns over higher-for-longer US interest rates, rising US Treasury yields, lingering concerns about China's property market and cooling optimism over fresh stimulus measures from Beijing however weighed on investor sentiment last week.

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(RADIOCOR) 03-06-24 12:13:07 (0267) 5 NNNN