Shares of Chinese internet and technology companies jumped in Hong Kong on the last day of the year, following a surge in their corresponding American depositary receipts overnight.
The Hang Seng Tech Index, which tracks the 30 largest technology companies listed in the city, rose 3.6% on Friday in a holiday-shortened trading session. Chinese internet stocks led the growth with Alibaba Group Holding Ltd. , Baidu Inc. and Bilibili Inc. each logging gains of around 8%.
Source: https://www.wsj.com/articles/hong-kong-tech-stocks-surge-on-last-day-of-2021-11640923616