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Econo Asia™ > Blog > News > Markets > Shenzhen Stock Exchange (SZSE) > Chinese tech stocks outperform in Asia, yen drops: markets wrap
Shenzhen Stock Exchange (SZSE)

Chinese tech stocks outperform in Asia, yen drops: markets wrap

NEWSROOM
Last updated: May 14, 2024 5:07 pm
By NEWSROOM
1 Min Read
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The Hang Seng Tech Index jumped more than 1%, lifted by gains in Tencent Holdings and Alibaba Group , which report results later on Tuesday. Investors are looking to China’s Big Tech earnings for confidence that a nascent rally in the nation’s stocks can continue. Shares were steady in Japan while those in Australia dipped. 

“With all eyes on earnings from Tencent and Alibaba, both will need to deliver earnings above consensus results and inspiring guidance as expectations are high,” according to Chris Weston, head of research at Pepperstone Group.  

Japan’s 20-year government bond yield climbed to its highest level since…



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