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Mercados

Hong Kong shares eke out gains on tech rebound

* Hang Seng index up 0.78% on the day; down 0.78% for the week

* Tech shares rebound after sell-off

* China Enterprises index HSCE rises 0.71%

Sept 11 (Reuters) - Hong Kong shares bounced on Friday, as investors snapped up tech stocks hit by this week’s sell-off, though the benchmark index ended lower for the week as economic worries and Sino-U.S. tensions continued to weigh on sentiment.

** At the close of trade, the Hang Seng index was up 189.77 points or 0.78% at 24,503.31. The Hang Seng China Enterprises index rose 0.71% to 9,752.5. ** Gains were driven by a rebound in tech shares, which have suffered this week following a sell-off in U.S. technology names. The IT sector rose 2.63% on Friday, but ended the week 3.66% lower. ** U.S. President Donald Trump said on Thursday the deadline set for Chinese company ByteDance to sell its popular short-video app TikTok’s U.S. assets would not be extended. U.S. officials have expressed concern that information on those who use the platform could be passed to Beijing. ** Adding to economic concerns, the U.S. Senate on Thursday killed a Republican bill that would have provided around $300 billion in new coronavirus aid, as Democrats seeking far more funding prevented it from advancing. ** U.S. weekly jobless claims also remained high last week, and the total number of people who are on unemployment benefits increased to 29.6 million, suggesting a stalling U.S. labour market recovery. ** China’s main Shanghai Composite index closed up 0.79% at 3,260.35 points, while the blue-chip CSI300 index ended 0.99% higher. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.04%, while Japan’s Nikkei index closed up 0.74%. ** The yuan was quoted at 6.8358 per U.S. dollar at 0817 GMT, 0.03% weaker than the previous close of 6.8338. (Reporting by Andrew Galbraith, Editing by Sherry Jacob-Phillips)

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