Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.
President Xi Jinping met some of China’s most prominent tycoons, sending what analysts say is the strongest signal of support in years to companies like web giants Alibaba and Tencent.
Asian stocks mostly rose on Friday, driven by a strong rally in Chinese technology firms and a positive handover from Wall Street. Hong Kong's Hang Seng index surged as Chinese tech stocks like Tencent and Alibaba gained significantly.
Alibaba, Tencent and other Chinese technology stocks surged Friday, lifting Hong Kong's Hang Seng Index to a near-three-year high. In the U.S. the Kraneshares CSI China Internet ETF, or KWEB, advanced.
Chinese President Xi Jinping is set to chair a rare symposium next week to boost confidence in the private sector. Business leaders, including Alibaba co-founder Jack Ma, Tencent CEO Pony Ma, and Xiaomis Lei Jun,
Asian markets sank today as fears of US President Donald Trump’s trade war returned to the fore and he called for fresh curbs on Chinese
Tencent (TCTZF) stock rallied to a three-year high as news of it carrying out testing with DeepSeek fueled optimism among investors, while
Alibaba, Tencent and other Chinese technology stocks surged Friday, lifting Hong Kong's Hang Seng Index to a near-three-year high. In the U.S. the Kraneshares CSI China Internet ETF, or KWEB, advanced.
HONG KONG -- Asia stocks were mixed Wednesday, as Chinese technology stocks faltered after a short-term rally.
CATL is also listed on the Shenzhen stock exchange, boasting a market cap of $150.5 billion. The battery giant supplies big automakers like Tesla.
The Reserve Bank of Australia has kickstarted its two-day meeting which could see an interest rate cut on Tuesday.
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. BABAF BABA jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and ...