Nasdaq set a new record high last Friday, leading to significant rebound of global TMT equities. CES China Private Elite Index (CES CPE), which over 50% weight composed of technology stocks, surged 4.3%.
A share and Hong Kong stock markets recovered from previous losses, with investor preference in mid-cap equities. The China cross border large-cap benchmark CES China 120 Index (CES 120) rose 1.9%, while the mid-cap benchmark CES China 280 Index (CES 280) rose 2.6%.
