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
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
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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