Hong Kong stocks rise as Xiaomi wins move to halt US ban while new index members stumble

//Hong Kong stocks rise as Xiaomi wins move to halt US ban while new index members stumble

Hong Kong stocks rise as Xiaomi wins move to halt US ban while new index members stumble

Hong Kong stocks gained in early trading as smartphone maker Xiaomi soared after a US court suspended a ban on Americans investing in the company. Three stocks slipped on their first day of trading as benchmark index members.The Hang Seng Index rose 0.4 per cent to 28,863.38 at 11.10 am local time, after tumbling 2.2 per cent on Friday for its biggest fall in two weeks. Major stock benchmark in mainland China markets weakened amid heightened regulatory concerns.Xiaomi rallied 9.2 per cent to HK…

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By | 2021-03-15T02:40:54+00:00 March 15th, 2021|Business|Comments Off on Hong Kong stocks rise as Xiaomi wins move to halt US ban while new index members stumble