Hong Kong stocks rise as rallies from Alibaba, SMIC, other tech giants lift market sentiment
Hong Kong stocks closed on a sharp high on Wednesday, led by technology shares, as concerns over a wave of post-IPO lock-up expiries eased after newly unlocked shares were absorbed into the market without triggering a sell-off. The benchmark Hang Seng Index finished the session up 3 per cent, while the Hang Seng Tech Index heavily outpaced the broader market, surging around 5 per cent to 4,731. The rally was anchored by Knowledge Atlas Technology, also known as Zhipu AI, which surged 13.4 per...
Read the full story at Business - South China Morning Post →EUROS aggregates the world's financial press. The full article lives with the newsroom that reported it.
