Hong Kong stocks greet 2021 with rally in tech firms while Chinese telco, oil giants slump

//Hong Kong stocks greet 2021 with rally in tech firms while Chinese telco, oil giants slump

Hong Kong stocks greet 2021 with rally in tech firms while Chinese telco, oil giants slump

Hong Kong stocks rose on the first day of 2021 trading as technology stocks related to smartphone manufacturing surged. Gains were contrasted by deep losses in some of China’s biggest phone carriers and oil companies on US delisting concerns.The Hang Seng Index added 0.7 per cent to 27,430.84 as of 11.54am local time. It surged 16 per cent last quarter, helping to narrow the decline in 2020 to 3.4 per cent. The Shanghai Composite Index advanced by 0.9 per cent to 3,504.57. The gauge jumped 7.9…

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By | 2021-01-04T02:56:38+00:00 January 4th, 2021|Business|Comments Off on Hong Kong stocks greet 2021 with rally in tech firms while Chinese telco, oil giants slump