Tencent’s stock rally created US$93.5 billion of market value in a single day on January 25, taking the WeChat operator to within 5.5 per cent of breaking into the world’s US$1 trillion club. Photo: AFP
Tencent’s stock rally created US$93.5 billion of market value in a single day on January 25, taking the WeChat operator to within 5.5 per cent of breaking into the world’s US$1 trillion club. Photo: AFP
Business /  Markets

Hang Seng Index reclaims 30,000 as Tencent approaches US$1 trillion in record sprint amid China growth optimism

  • Hang Seng Index advanced 2.4 per cent to breach the 30,000 level again as tech stocks underpinned rally to May 2019 high
  • Tencent and Meituan sprinted to record highs, with the former just 5.5 per cent shy of breaking into the exclusive US$1 trillion club

Iris Ouyang
Iris Ouyang

Updated: 11:46pm, 25 Jan, 2021

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Tencent’s stock rally created US$93.5 billion of market value in a single day on January 25, taking the WeChat operator to within 5.5 per cent of breaking into the world’s US$1 trillion club. Photo: AFP
Tencent’s stock rally created US$93.5 billion of market value in a single day on January 25, taking the WeChat operator to within 5.5 per cent of breaking into the world’s US$1 trillion club. Photo: AFP
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