Shanghai, China, March 16 Hong Kong Stock Exchange experienced a sharp rebound in key technology values, approaching 30% today, a period of recovery after the plunge in the past few days. Just before 14:00 local time (06.00 GMT), Hong Kong's lowest benchmark index, the Hang Seng Index rose 6.76%, recovering some of its losses (-19.1%) between the beginning of the month and the previous trading day. The Hang Seng Technology Index, which measures the evolution of the value of technology, rose more than 16.03% at the time. The leader in this growth was the operator of e-commerce platform JD (+28.35%), followed by digital services giant Meituan (+27.17%). This is not a nominal ratio, but behind the percentage change, Tencent, the highest value based on market weight, rose 22.01%. Investors from Alibaba (+20.07%) also have good news. Alibaba (+20.07%) closed yesterday at its lowest price since its debut in Hong Kong at the end of 2019, and investors in the medical subsidiary Alibaba Health (+19.39%) also had good news. Some of the most recent losses have also rebounded strongly in value, such as Haidilao, a popular restaurant chain outside the tech sector (+20.83%) or CG Services (+22.55%), a property management subsidiary of developer Country Garden. The local newspaper South China Morning Post quoted Linus Yip, an analyst at First Shanghai Securities, as saying: “Even if the stock price is too low and investors want to sell, now is not a good time to create room for growth.” Yesterday, investment bank JPMorgan Chase advised against investing in as many as 28 Chinese digital companies, many of which plummeted due to regulatory activities in Beijing. If you do not meet the audit requirements of national regulators, you may be excluded from the US market. North America. But bargaining is not the only way to lead listed companies today, but “studied the current economic situation and capital market issues” at a meeting of the State Council's Financial Stability and Development Committee (the Chinese government). According to the official news agency Xinhua News Agency, the summit stressed the need to maintain “stability” in the market, stressed the government's support for overseas Chinese companies' travel that had been questioned for months, and called for “standardized, transparent and predictable monitoring.” Mainland China's stock markets also rebounded sharply, with Shanghai stocks up 3.45% and Shenzhen up 4.02%. bec/aa/alf
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