Shares of Chinese internet and technology companies jumped in Hong Kong on the last day of the year, following a surge in their corresponding American depositary receipts overnight.
The Hang Seng Tech Index, which tracks the 30 largest technology companies listed in the city, rose 3.6% on Friday in a holiday-shortened trading session. Chinese internet stocks led the growth with Alibaba Group Holding Ltd. , Baidu Inc. and Bilibili Inc. each logging gains of around 8%.
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The world should turn its attention to this issue.
I used to laugh at sh*t like 'Chinese internet'... Now, not so much...
Thank American politicians for sending Chinese companies back to China.❤️