Tencent Rallies On ByteDance Content Sharing News, Tiger Global Opines On China

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Tencent Rallies On ByteDance Content Sharing News, Tiger Global Opines On China
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Tencent gained +1.36%, playing Atlas and holding up the Hang Seng Tech Index

Oil Prices Surge To Three-Year Highs After Hurricanes And Unexpected Demand—How Much Higher Can They Go?

Hong Kong looked better than it appears as , which gained +0.54% though there were nearly 2 to 1 decliners versus advancers in the broader Hang Seng Composite, which gained +0.25%. Tencent gained on reports that the company is engaging ByteDance’s China version of TikTok, called Douyin, on content sharing. Internet had a mixed day overall as Meituan fell -0.07%, Alibaba HK fell -0.55% and Kuaishou fell -1% while JD HK gained +1.88% on speculation that it could be added to the Hang Seng Index.

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