HANG SENG INDEX

11 Sep

Chinese Traders Pour Into Alibaba Shares as Trading Links Start

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, china, Emerging Markets, finance, HANG SENG INDEX, Hong Kong, Markets, Shanghai, Shenzhen, stocks, Technology

Mainland Chinese investors flocked to Alibaba Group Holding Ltd. as its Hong Kong-listed stock was made directly available to them for the first time.Investors bought HK$8.5 billion ($1.1 billion) worth of Alibaba shares through the Stock Connect program on the first day, on a net basis, according to stock exchange data released late Tuesday. Purchases via the Shanghai and Shenzhen bourses accounted for about half of the day’s turnover in the stock. Source link lol

16 Aug

Chinese Tech Stocks Rally as JD.com Spurs Earnings Optimism

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bear Market, china, E-commerce, Earnings, HANG SENG INDEX, JD.COM INC-ADR, policy, stocks, Technology, TENCENT HOLDINGS LTD

Chinese technology stocks gained as resilient earnings from major e-commerce firms helped soothe concerns over weak consumption. The Hang Seng Tech Index rose as much as 2.2%, poised for its best day in August. JD.com Inc. contributed to about a third of the index’s gains after shares jumped more than 9% following a strong profit beat. Alibaba Group Holding Ltd. rose over 4% as traders focused on positive elements of its mixed results. Source link lol