Source: Information Times
Information Times (Reporter Pan Jingwen) Hong Kong stocks opened higher today and moved higher. The Hang Seng Technology Index rose 22.2%, the largest single-day increase since the index was launched, and the Internet stocks broke out across the board. As of the close, Station B rose more than 40% to HK$179.7 per share; JD.com rose 35.6% to HK$219.6 per share; Kuaishou closed at HK$75.6 per share, up more than 34.6% in a single day, and rose to HK$76 during the session.
In addition, JPMorgan Chase released a report that among the 28 related stocks it covered, it gave Kuaishou an “overweight” rating. JPMorgan expects Kuaishou to outperform other speculative growth stocks as management focuses more on improving margins and gross margins, expanding its user base and narrowing the competitive gap.Return to Sohu, see more
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