China and Hong Kong stocks finished modestly higher in uneven trade on Thursday as investors pinned hopes on business-friendly policies following Alibaba's (BABA) restructuring while awaiting manufacturing activity data due this week. * China's blue-chip CSI 300 Index rose 0.81%, while the Shanghai Composite Index climbed 0.65%, snapping a four-day losing streak.
Hong Kong stocks surged on Wednesday, boosted by a jump in Alibaba's (BABA) shares following the internet giant's revamp and listing plan which fuelled optimism that Beijing's crackdown on the tech sector may be ending.
Hong Kong stocks surged in early morning trade on Wednesday, boosted by a jump in Alibaba's (BABA) shares following the internet giant's split-up and listing plan. Alibaba Group (BABA) is planning to split into six units and explore fundraisings or listings for most of them, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises.
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