Bulls overrun bears in Hong Kong markets as the benchmark Hang Seng Index climbs above the level before the Wuhan lockdown a year ago that precipitated a global sell-off. Photo: Bloomberg
Bulls overrun bears in Hong Kong markets as the benchmark Hang Seng Index climbs above the level before the Wuhan lockdown a year ago that precipitated a global sell-off. Photo: Bloomberg

Hang Seng Index tops pre-pandemic high on Alibaba, Tencent, CNOOC rally while China stocks slump by most in four months

  • Gains in Chinese tech giants lifted the Hang Seng Index above the January 22 level, a day before the Wuhan lockdown last year
  • Trump administration faced resistance from Treasury officials on plans to ban US investors from owning Alibaba and Tencent, reports say

Bulls overrun bears in Hong Kong markets as the benchmark Hang Seng Index climbs above the level before the Wuhan lockdown a year ago that precipitated a global sell-off. Photo: Bloomberg
Bulls overrun bears in Hong Kong markets as the benchmark Hang Seng Index climbs above the level before the Wuhan lockdown a year ago that precipitated a global sell-off. Photo: Bloomberg
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