An electronic board showing the Hang Seng Index near the Exchange Square in Central, Hong Kong in December 2020. Photo: AP
An electronic board showing the Hang Seng Index near the Exchange Square in Central, Hong Kong in December 2020. Photo: AP

Hong Kong stocks approach six-week high on Alibaba tailwind while Chinese coal producers slump

  • Hang Seng Index closed near a six-week high on speculation tech crackdown is softening as Jack Ma made his first overseas trip in more than a year
  • Coal producers slumped after an overnight plunge in futures contracts, as China considers intervening to stem runaway prices

An electronic board showing the Hang Seng Index near the Exchange Square in Central, Hong Kong in December 2020. Photo: AP
An electronic board showing the Hang Seng Index near the Exchange Square in Central, Hong Kong in December 2020. Photo: AP
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