Hong Kong Shares Extend Gains Midday -- Market Talk

Dow Jones

02-21

0421 GMT - Hong Kong shares are extending gains at midday amid positive sentiment lifted by tech earnings and the recent hype about DeepSeek. Alibaba's Hong Kong-listed shares are up 13% following its strong earnings and the tech giant's long-term growth potential on AI. Tencent and Xiaomi are up 4.5% and 4.8%, respectively. China Unicom gains 12.3% and Lenovo Group is up 12.05%. Meanwhile, the top decliners include Tingyi Holding, which is down 3.1% and Sands China 2.8% lower. The benchmark Hang Seng Index is up 2.0% to 23238.42 and the Hang Seng Tech Index is 4.7% higher. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

February 20, 2025 23:22 ET (04:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Alibaba's Hong Kong-listed shares are up 13% following its strong earnings and the tech giant's long-term growth potential on AI. Tencent and Xiaomi are up 4.5% and 4.8%, respectively. China Unicom gains 12.3% and Lenovo Group is up 12.05%. Meanwhile, the top decliners include Tingyi Holding, which is down 3.1% and Sands China 2.8% lower. The benchmark Hang Seng Index is up 2.0% to 23238.42 and the Hang Seng Tech Index is 4.7% higher. 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Alibaba's Hong Kong-listed shares are up 13% following its strong earnings and the tech giant's long-term growth potential on AI. Tencent and Xiaomi are up 4.5% and 4.8%, respectively. China Unicom gains 12.3% and Lenovo Group is up 12.05%. Meanwhile, the top decliners include Tingyi Holding, which is down 3.1% and Sands China 2.8% lower. The benchmark Hang Seng Index is up 2.0% to 23238.42 and the Hang Seng Tech Index is 4.7% higher. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 20, 2025 23:22 ET (04:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}