The Bund Bull statue in Shanghai on January 4. Photo: loomberg
Hong Kong stocks rally as buyers pile into Alibaba, JD.com after US$97 billion tech rout while China pledges to temper wild swings
- Stocks advanced, capping weekly gain, as traders scooped up bargains among beaten down Chinese tech companies like Alibaba, Tencent and JD.com
- Hang Seng Index members have been trading below their book value for 20 straight days
The Bund Bull statue in Shanghai on January 4. Photo: loomberg