Wharf REIC, owner of the Times Square luxury shopping centre in Causeway Bay, has seen its stocks collapse due to coronavirus, which hurt tourism and local foot traffic. Its stock shot up Tuesday amid a rush of bargain hunting. Photo: Robert Ng Wharf REIC, owner of the Times Square luxury shopping centre in Causeway Bay, has seen its stocks collapse due to coronavirus, which hurt tourism and local foot traffic. Its stock shot up Tuesday amid a rush of bargain hunting. Photo: Robert Ng
Wharf REIC, owner of the Times Square luxury shopping centre in Causeway Bay, has seen its stocks collapse due to coronavirus, which hurt tourism and local foot traffic. Its stock shot up Tuesday amid a rush of bargain hunting. Photo: Robert Ng

Hong Kong stocks rally, with Wharf REIC jumping nearly 8 per cent and new economy stocks having another good day

  • New economy stocks including Tencent, Alibaba and Meituan Dianping climb in Hong Kong
  • Sentiment is overall positive, with city’s benchmark having posted back-to-back monthly gains

Topic |   Hong Kong stock market
Wharf REIC, owner of the Times Square luxury shopping centre in Causeway Bay, has seen its stocks collapse due to coronavirus, which hurt tourism and local foot traffic. Its stock shot up Tuesday amid a rush of bargain hunting. Photo: Robert Ng Wharf REIC, owner of the Times Square luxury shopping centre in Causeway Bay, has seen its stocks collapse due to coronavirus, which hurt tourism and local foot traffic. Its stock shot up Tuesday amid a rush of bargain hunting. Photo: Robert Ng
Wharf REIC, owner of the Times Square luxury shopping centre in Causeway Bay, has seen its stocks collapse due to coronavirus, which hurt tourism and local foot traffic. Its stock shot up Tuesday amid a rush of bargain hunting. Photo: Robert Ng
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