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Tech companies heat up China's stock market summer

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Shanghai, Sep 4 (EFE/EPA).- The stock markets in mainland China have been trading at their highest levels in 5 years buoyed by tech stocks, with the latest possible shot in the arm being the upcoming listing of the financial technology giant Ant Group, which may even become the biggest IPO of all time. The CSI 300 index, which tracks the 300 biggest stocks in the Shanghai and Shenzhen exchanges, has defied the predictions of analysts, who had advised caution despite the sustained rise citing its volatile character. The index, which touched its highest level since 2015 on Jul. 13, has only dropped around 0.74 percent since then, displaying a sort of plateau, which has kept the Chinese markets at their best levels in the last five years. This year, the combined tracker of China's biggest companies has risen 16 percent despite the pandemic, or maybe even because of it. (Camera: ALEX PLAVEVSKI)FOOTAGE SHOWS B-ROLL OF ALIPAY HEADQUARTERS IN SHANGHAI, CHINA.

Added on the 04/09/2020 14:00:00 - Copyright : EFE Inglés

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