Hong Kong shares hit 3-year peak as money flows to China tech sector
SHANGHAI/HONG KONG -- Hong Kong shares hit their highest in three years on Friday as better-than-expected earnings by e-commerce conglomerate Alibaba Group Holding stoked a rally that has been driven by hopes of a homegrown artificial intelligence boom.
Alibaba’s Hong Kong-listed shares surged 15 per cent on Friday, following an 8 per cent gain overnight in New York.
(BABA) on Thursday reported fiscal third-quarter profit of $6.71 billion. On a per-share basis, the Hong Kong-based company said it had ...
HONG KONG -- Shares of Alibaba Group Holding reached a three-year high in New York after the Chinese e-commerce conglomerate reported better-than-expected quarterly earnings Thursday, driven ...
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. BABAF BABA jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and ...
Alibaba’s 239% profit surge boosts shares nearly 15%, while Amazon tops Walmart in revenue for the first time. Is tech taking ...
Asia-Pacific markets trade in a tight range on Friday amid persistent concerns over U.S. trade tariffs and high for longer ...
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