Hang Seng Index flirts with pre-pandemic level on Alibaba, Tencent while China stocks extend slump from 2008 high

Hang Seng Index flirts with pre-pandemic level on Alibaba, Tencent while China stocks extend slump from 2008 high

Hang Seng Index flirts with pre-pandemic level on Alibaba, Tencent while China stocks extend slump from 2008 high


Hong Kong stocks rose, with the benchmark index hovering near the level it was before the Covid-19 pandemic. Alibaba Group Holding and Tencent Holdings rallied after reports saying the US decided against banning US investments in two of Asia’s biggest companies.The Hang Seng Index gained 0.3 per cent to 28,318.40 on early Thursday trading. The gauge approached the 28,341.04 close on January 22 last year, a day before China announced the lockdown of Wuhan, the epicentre of the viral outbreak.The…

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