Hong Kong stock exchange in strong recovery, with the Hang Seng index jumping up to + 7.47%, after the sharp drops of the previous sessions, fueled by the increase in new cases of Covid-19 in mainland China and by the fear that the US Securities Stock Exchange Authority delisted several Chinese companies listed on Wall Street.
Yesterday, the Hang Seng plunged to a low since 2016 with a drop of 5.72% to 18,415.08 points.
After days of unleashed sell-offs, purchases on Chinese Big Tech are back: Tencent flies over + 22%, Alibaba leaps by over 18%, NetEase makes + 17.5%.
The benchmark sub-index of the technology stocks Hang Seng Index rallied by more than 17%.
At the moment the Shanghai stock exchange rises by 2.83%, after suffering a drop of 4.95% on the eve.