June 1 (Reuters) - Hong Kong stocks closed higher on Tuesday, supported by a bounce back in tech heavyweights, as investors hunted for bargains following sharp losses in May.
At the close of trade, the Hang Seng index was up 316.20 points or 1.08% at 29,468.00. The Hang Seng China Enterprises index rose 0.93% to 10,990.75.
Leading the gains, the Hang Seng tech index and the Hang Seng IT index climbed 2.5% and 3%, respectively.
Kuaishou Technology ended up 9.2%, after a 26% slump in May, Meituan rebounded 6.5%, while Alibaba Group Holding Ltd gained 3.4% after losing 6.2% in May.
Sentiment was also aided by continued inflows from mainland investors, who on Tuesday purchased net 6.4 billion yuan ($1.00 billion) worth of Hong Kong shares via the Stock Connect linking mainland and the city island, according to Refinitiv data.
On the other hand, birth and fertility related stocks were mixed as investors continued to ponder the impact of Beijing's major policy shift.
Suzhou Basecare Medical Corp Ltd, Jinxin Fertility Group Ltd and Goodbaby International Holdings Ltd shed between 4.9% and 12.8%, while Aidigong Maternal & Child Health Ltd extended gains to end up 13.7%.
Married Chinese couples may have up to three children, China announced on Monday, in a major shift from the existing limit of two after recent data showed a dramatic decline in births in the world's most populous country.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.58%, while Japan's Nikkei index closed down 0.16%.
The yuan was quoted at 6.3755 per U.S. dollar at 08:21 GMT, 0.07% weaker than the previous close of 6.371.
At close, China's A-shares were trading at a premium of 37.27% over Hong Kong-listed H-shares.
($1 = 6.3754 Chinese yuan renminbi)
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