Tech Giants Propel Hang Seng Despite Market Downturn; Country Garden Stumbles on Capital Raise Cancellation
Amidst a challenging market landscape, the Hang Seng index found resilience as internet giants Alibaba Group Holding Ltd (HK:9988) (NYSE:BABA), Tencent Holdings Ltd (HK:0700), and Baidu Inc (HK:9888) (NASDAQ:BIDU) exhibited strength, propelling the index into positive territory. While other sectors on the index logged steep losses, the technology sector’s prowess.