China stock markets thrive on IT, property resilience

05.01.2023

Hong Kong stocks finished with another big gain Wednesday with tech firms leading the way after Ant Group was given the go-ahead to raise $1.5 billion for its consumer unit, suggesting Chinese government pressure on the firm was easing.

The Hang Seng Index climbed 3.22 percent, or 647.82 points, to 20,793.11....