Chinese tech stocks are climbing on the last day of the year. But 2021 has been a bloodbath
CNN
Chinese tech stocks got a big boost in Hong Kong on the last day of the year, but it's far from enough to make up for what has been a historically tumultuous time for the sector.
Shares in tech and internet giants Alibaba, Baidu and Bilibili — all of which also trade in New York — soared more than 8% on Friday, making them among the top performers during a shortened trading session in Hong Kong.
The Hang Seng TECH Index — which tracks the 30 largest tech firms that trade in the city — was up 3.57%, outperforming the broader benchmark Hang Seng Index (HSI), which rose 1.2%.
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