Hong Kong stock exchange soars after two days of heavy losses

The Hong Kong stock exchange soared at Wednesday's session, driven by the gains of tech giants such as Alibaba or JD.com, after two days of heavy losses due to the covid spike and lockdowns in China.

The Chinese authorities announced support for the battered markets to provide stability, raising the Hang Seng index to +8.74% shortly before 14:00 (06H00 GMT), although the rise later moderated to between 6-7%.

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