Reported about 2 months ago
Chinese technology stocks saw a surge as strong earnings from JD.com helped alleviate concerns regarding weak consumer spending. The Hang Seng Tech Index increased by 2.2%, largely driven by JD.com's stock climbing over 9% after exceeding profit expectations. Despite ongoing economic challenges, the results from major players like JD.com and Alibaba signal potential for a market recovery, enticing investors back into the sector.
Source: YAHOO