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
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Hang Seng Index
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