Stock Track | Kuaishou Technology Soars 5.40% Amid Tech Rally and Trade Optimism

Stock Track07-08

Kuaishou Technology (01024.HK) shares surged 5.40% in Tuesday's intraday trading, marking its third consecutive day of gains. The stock's impressive performance outpaced the broader market, as the Hang Seng Index rose 1.1% to 24,148.07 points.

The rally in Kuaishou's stock price appears to be driven by a combination of factors. Firstly, there's a general uptrend in tech stocks, with industry peers like Baidu and Xiaomi also posting significant gains. This sector-wide momentum has likely contributed to investor enthusiasm for Kuaishou.

Additionally, market sentiment has been buoyed by positive developments in US-China trade relations. The delay in new US tariffs on key trading partners and anticipated high-level trade talks between US and Chinese officials have sparked optimism among investors. This improved outlook for international trade could potentially benefit tech companies like Kuaishou, which operate in a globally connected digital economy.

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