Hong Kong tech stocks gain as Ant Group files for IPO that could mark the world’s biggest fundraising ever

//Hong Kong tech stocks gain as Ant Group files for IPO that could mark the world’s biggest fundraising ever

Hong Kong tech stocks gain as Ant Group files for IPO that could mark the world’s biggest fundraising ever

Hong Kong tech stocks gained on Wednesday as Jack Ma’s Ant Group filed for dual listings in the city and in Shanghai while overnight US equities hit all-time highs for the third consecutive session.The three stocks that will become part of the Hang Seng Index on September 7 all rose. Wuxi Biologics shot up nearly 6 per cent, while e-commerce giant Alibaba, the owner of the South China Morning Post, jumped 3.8 per cent and Chinese smartphone maker Xiaomi soared 4.3 per cent. Xiaomi, which…

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By | 2020-08-26T03:08:12+00:00 August 26th, 2020|Business|Comments Off on Hong Kong tech stocks gain as Ant Group files for IPO that could mark the world’s biggest fundraising ever