Pedestrians on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on January 6, 2021. Photo: Reuters Pedestrians on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on January 6, 2021. Photo: Reuters
Pedestrians on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on January 6, 2021. Photo: Reuters

Hong Kong stock index soars as US Fed’s dovish stance give investors confidence to swoop in on Tencent shareholder’s divestment

  • The Hang Seng Index rose after the Fed minutes pledged loose policies to keep the recovery on track
  • Tencent dropped by as much as 2.5 per cent after biggest shareholder Prosus unveiled a plan to sell a 2 per cent stake to raise about US$15 billion

Topic |   China stock market
Pedestrians on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on January 6, 2021. Photo: Reuters Pedestrians on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on January 6, 2021. Photo: Reuters
Pedestrians on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on January 6, 2021. Photo: Reuters
READ FULL ARTICLE