Hong Kong shares hit 3-year peak as money flows to China tech sector
SHANGHAI/HONG KONG -- Hong Kong shares hit their highest in three years on Friday as better-than-expected earnings by e-commerce conglomerate Alibaba Group Holding stoked a rally that has been driven by hopes of a homegrown artificial intelligence boom.
Alibaba’s Hong Kong-listed shares surged 15 per cent on Friday, following an 8 per cent gain overnight in New York.
(BABA) on Thursday reported fiscal third-quarter profit of $6.71 billion. On a per-share basis, the Hong Kong-based company said it had ...
Alibaba’s 239% profit surge boosts shares nearly 15%, while Amazon tops Walmart in revenue for the first time. Is tech taking ...
Alibaba Group Holding Ltd. BABAF stock climbed 5.90% to HKD 105.90 ($13.60) in Hong Kong trading Monday, extending its year-to-date gains to 30.26% as investors eye the company’s upcoming ...
Asian markets, except for Hong Kong and Mainland China, were lower on Trump’s steel and aluminum tariff talk as the U.S.
Hang Seng jumps on Alibaba’s earnings beat, while Nikkei falls below 150 as yen strengthens. US tariff threats add to market ...
Asia-Pacific markets trade in a tight range on Friday amid persistent concerns over U.S. trade tariffs and high for longer ...
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