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Shares of Chinese internet and technology companies jumped in Hong Kong on the last day of the year, following a surge in their corresponding American depositary receipts overnight.

The Hang Seng Tech Index, which tracks the 30 largest technology companies listed in the city, rose 3.6% on Friday in a holiday-shortened trading session. Chinese internet stocks led the growth with Alibaba Group Holding Ltd. , Baidu Inc. and Bilibili Inc. each logging gains of around 8%.

Source: WSJ

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