Alibaba leads Hang Seng Index tilt toward technology stocks

Finance-heavy Hong Kong benchmark also adds Xiaomi in Sept. reweighting

20200813 logo Alibaba Meituan Xiaomi

Hong Kong's benchmark Hang Seng index and the Hang Seng China Enterprise index will be reshuffled in September. (Source photos by Reuters and AP)

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

HONG KONG -- Alibaba Group Holding, Xiaomi and pharmaceutical research group WuXi Biologics (Cayman) will be added to the Hang Seng Index next month, a milestone in the Hong Kong market's growing focus on Chinese technology stocks.

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