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Tech shares revival lifts Hong Kong markets
Tech shares lifted the broader Hang Seng Index, which gained as much as +3.05%.
By Rony Abboud
0
- China
- Hong Kong
- Technology
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Chinese technology stocks rebounded Thursday on the Hong Kong Stock Exchange, following their Wall Street peers amid signs of investors comfort in buying back into China’s biggest tech names.
Hong Kong’s Hang Seng Tech Index jumped as much as +5.21%, its biggest gain in more than six weeks, led by Meituan and Kuaishou Technology, which were up by +10.24% and +8.62% respectively. Tech shares lifted the broader Hang Seng Index, which gained as much as +3.05%.
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From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.
In the ETF space, the CSOP Hang Seng TECH Index ETF (3030) rose by 5.32%, while the Tracker Fund of Hong Kong ETF (TF5), which tracks the broader index gained +3.09%. Overall, Hong Kong Equity ETFs tracking the Hang Seng Index have witnessed more than $800 million in inflows in the last 30 days despite the large dip in their combined performance, a sign of renewed interest in depressed Chinese shares.
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