Chinese technology stocks rallied to their highest level in more than a month after a new round of share buybacks by Tencent Holdings Ltd boosted market sentiment.
The Hang Seng Tech Index advanced 1.6% on Tuesday to the highest since late July, extending gains from last month’s low to around 17%. Biggest point contributors included Meituan, Tencent and Alibaba Group Holding.
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September 07, 2021 at 11:23AM
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China Tech Stocks Meituan, Alibaba Jump After Tencent Share Buyback - Bloomberg
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