Hong Kong stocks halt losing streak on tech rally as Xpeng, Ganfeng Lithium underpin bullish EV outlook


Source: yahoo.com yahoo.com

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Hong Kong stocks climbed as Chinese technology firms surged by the most in nearly four weeks, buoyed by an uptick in US-China relation s. Ganfeng Lithium and Xpeng also advanced on electric-car sales outlook. Signs of thawing US-China relation s also helped. The Hang Seng Index gained 0.3 per cent to 25,238.99 as of 1.20pm local time, halting a five-day losing streak. The Hang Seng Tech Index surged as much as 3.7 per cent, the most in four weeks, before easing to 1.6 per cent. Alibaba Group Holding added 1.9 per cent while Bilibili, Baidu, Meituan gained by at least...