China tech stocks are making a big comeback

Tiger Newspress2021-10-11

China tech stocks are making a big comeback in premarket trading on relief over Meituan Fine.Alibaba,Pinduoduo,JD.COM,NetEase,Baidu,Didi Global,Bilibili and Tencent music climbed between 1% and 6%.

Chinese technology stocks continued their rebound on Monday after Beijing slapped a smaller-than-expected fine on food delivery giant Meituan.

Hong Kong’s Hang Seng Tech Index jumped as much as 3% in a third day of gains after closing at a record low on Wednesday. Meituan rose as much as 8.4%, making it the top performer on the gauge. The stock also boosted the broader Hang Seng Index, which gained as much as 2%.

“The momentum continues in buying Alibaba after Munger,” said Steven Leung, executive director at UOB Kay Hian in Hong Kong.

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精彩评论

  • JeremyKok
    2021-10-13
    JeremyKok
    Why tiger broker is not in the list? Tiger is still in the $10++ range did not raise much. Ali baba went up but not yet back to it's $200++ range still got chance to buy more.
  • Dalang
    2021-10-12
    Dalang
    .... valuation back to more reasonable.?
  • AlphaOmega
    2021-10-12
    AlphaOmega
    Let see how long it can last. Please show me the power. 
  • Gaga71
    2021-10-12
    Gaga71
    Time to fly!
  • Tjunyuan
    2021-10-11
    Tjunyuan
    [Happy] 
  • SamYYL
    2021-10-11
    SamYYL
    Good and like 
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