Shares in Hong Kong Exchanges & Clearing notched their sharpest daily rise in five years on Tuesday, making it the world’s most valuable bourse, after Alibaba’s payments arm announced plans to sell shares in the city.
HKEX’s stock finished 9.8 per cent higher and was the best-performing member of the city’s benchmark Hang Seng index, which closed up 2.3 per cent.
The gains marked the biggest one-day rise since July 2015, when Hong Kong was benefiting from a surge of trading volumes spilling over from mainland China.
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