Hong Kong Stocks Erase Declines as Tencent, AAC Jump to Records
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Hong Kong’s Hang Seng Index trimmed early losses as AAC Technologies Holdings Inc. and Tencent Holdings Ltd. rallied, overshadowing declines by the city’s developers.
The Hang Seng Index closed down 0.02 percent at 28,596.80, after falling as much as 1.6 percent in morning trading. AAC climbed 10 percent after Bank of America Corp. upgraded the shares, while Tencent gained for a seventh day. New World Development Co. led a retreat by real estate developers after a measure of secondary home prices fell to its lowest level since May.