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
Business /  Markets

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

Zhang Shidong
Zhang Shidong in Shanghai

Updated: 5:34pm, 14 Jan, 2021

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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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