Stocks in Hong Kong are positive today after the Christmas holiday break, but shares in Alibaba Group (9988) and Tencent Holdings (0700) fell. The benchmark Hang Seng Index began the final week of trading this year at 26,440.76, up by just 54.20 points, or 0.21 percent. Alibaba Group gave up 4.29 percent at HK$218.40. Jack Ma Yun's Ant Group, was ordered by the central bank on Sunday to overhaul its business and get back to its original operation as a payment services provider as soon as possible. The Hang Seng Tech Index has tumbed by 247.53 points, or 3.04 percent.

Source: The Standard December 28, 2020 01:52 UTC