Shares rally on tech bounce, profit hopes

By Agence France-Presse

Jul 21, 2022 12:10 am

HONG KONG: Equities jumped on Wednesday following a surge on Wall Street as investors grow hopeful about the ongoing earnings season, while sentiment was also boosted by news that Russian gas flows to Europe would not be cut off.

Markets also reacted positively to a report saying China would fine ride-hailing giant Didi $1 billion and conclude its yearlong probe, reinforcing optimism that a long-running crackdown on its technology sector is nearing its end.

MADE TO TRADE This July 11, 2022 file photo shows a trader on the floor of the New York Stock Exchange in New York City. GETTY IMAGES PHOTO VIA AFP

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