China tech stocks rally after punishing start to 2022
Chinese tech stocks rallied on Monday after starting the year with a week of sharp falls, but markets across the Asia-Pacific region were mixed as investors weighed the possibility of an interest rate rise from the US Federal Reserve.
Hong Kong’s Hang Seng Tech index gained as much as 2.5 per cent on Monday, with Alibaba Health Information Technology rising as much as 14 per cent and short video platform Kuaishou’s Hong Kong-listed shares advancing 12.2 per cent.
香港恒生科技指数(Hang Seng Tech index)周一一度上涨2.5%，在香港上市的阿里健康信息技术(Alibaba Health Information Technology)涨幅一度高达14%，短视频平台快手(Kuaishou)上涨12.2%。
The Star 50 index of Shanghai-listed tech stocks climbed about 1 per cent.
上证科创50指数(Star 50 Index)上涨约1%。