Hong Kong Tech Stocks Surge on Last Day of 2021

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Chinese internet stocks led the tech rally in Hong Kong, with Alibaba, Baidu and Bilibili logging gains

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.❤️

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