Tencent Powers Hong Kong Above 30K As Kuaishou IPO Secures Significant Cornerstone Investors

Asian equities were largely higher with Hong Kong growth stocks on high volumes twice the 1-year average and Korea outperforming to the upside. Tencent gained +10.93% as investors realized that ByteDance’s rival Kuaishou’s upcoming IPO on Monday, February 5th, will benefit Tencent…

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