Alibaba, JD.com lead tech rally as China inflation report boosts policy easing outlook while CNOOC surges on dividend plan

//Alibaba, JD.com lead tech rally as China inflation report boosts policy easing outlook while CNOOC surges on dividend plan

Alibaba, JD.com lead tech rally as China inflation report boosts policy easing outlook while CNOOC surges on dividend plan

Hong Kong stocks rose to the highest level in more than four weeks following a surge in Chinese technology companies. A government report showed inflation in December was slower than expected, creating room for further policy easing.The Hang Seng Index rose 2 per cent to 24,210.18 at 11.10am local time, a level not seen since December 13. The Tech Index soared 3.7 per cent, on course for the biggest advance in five weeks. China’s Shanghai Composite Index added 0.3 per cent.Alibaba, the owner of…

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By | 2022-01-12T02:43:34+00:00 January 12th, 2022|Business|Comments Off on Alibaba, JD.com lead tech rally as China inflation report boosts policy easing outlook while CNOOC surges on dividend plan