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Chinese Stocks Rise
Description
The Hang Seng Tech Index, which tracks the 30 most significant technology firms listed in Hong Kong, closed up 7%, outperforming the broader index, which rose 2.5%. At the close, Tencent's ($TCEHY@China) shares were 8.8% higher, food delivery giant Meituan ($MPNGF@China) was up around 13.5%, while Alibaba’s ($BABA@US) Hong Kong-listed stock popped 9.5%. E-commerce giant JD.com ($JD@US) closed nearly 15% higher after its second-quarter earnings beat market expectations. China had introduced tech-related laws, followed by punishments and investigations by Chinese authorities, but recent earnings reports from Chinese technology companies have been broadly positive.
Keywords & Tags
#alibaba
#baba
#e-commerce
#china
#finance
#business
#regulations
#beat estimates
#second-quarter earnings
#Hong Kong
#JD.com
#Tencent
#Chinese stocks rise
#Hang Seng Tech Index
#technology firms
#outperforming broader index
#TCEHY
#food delivery giant
#Meituan
#MPNGF
#JD
#tech-related laws
#Chinese tech companies
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