Alibaba Group Holding Limited (9988.HK)
- South China Morning Post
Hong Kong stocks resume rally as Alibaba, Tencent lead tech gainers
Hong Kong stocks advanced, overcoming a jittery start to trading as investors bought back Chinese tech leaders including Alibaba Group and Tencent Holdings. The market was headed for a third week of rally, driven by bets on further stimulus injection. Oil producers also gained amid concerns about supply. The Hang Seng Index jumped 2.4 per cent to 22,647.01 at 11.10am local time, after losing as much as 1.3 per cent in opening trades. The Tech Index surged 4.5 per cent. Markets in mainland China
- Bloomberg
Lack of China Tech Short Covering Means Rally Is Fresh Buying
(Bloomberg) -- Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause. Most Read from BloombergThe Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkRoofs of Mexico City’s Massive Food Market Will Power Public BusesA Housing Crisis Brews in Rwanda’s Capital CityMexico City Restricts Airbnb Rentals to Curb ‘Gentrification’Short positions on American Depositary Receipt
- Barrons.com
Alibaba, NIO, BYD Stocks Slump as China Rally Pauses
FEATURE The rally of Chinese stocks took a breather Thursday after having gained almost 30% from September lows. Shares of e-commerce giants Alibaba and JD.com fell 4.4% and 7.9%, respectively. Electric vehicle makers NIO and BYD dropped 7.
