Chinese Stocks Rise
  • 3 years ago
The Hang Seng Tech Index, which tracks the 30 most significant technology firms listed in Hong Kong, closed up 7%, outperforming the broader index, which rose 2.5%. At the close, Tencent's ($TCEHY@China) shares were 8.8% higher, food delivery giant Meituan ($MPNGF@China) was up around 13.5%, while Alibaba’s ($BABA@US) Hong Kong-listed stock popped 9.5%. E-commerce giant JD.com ($JD@US) closed nearly 15% higher after its second-quarter earnings beat market expectations. China had introduced tech-related laws, followed by punishments and investigations by Chinese authorities, but recent earnings reports from Chinese technology companies have been broadly positive.
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