Shares of Chinese stocks such as Alibaba ( BABA 1.42%) and China-exposed stocks Estee Lauder ( EL 2.72%) and Nike ( NKE 0.64%) rallied on Monday, up 6.2%, 5.2%, and 2.9%, respectively, as of 2:20 p.m.
The Hang Seng Tech Index closed nearly 1% lower, after rising 4.2% to its highest point since 2022 earlier in the day. The city's benchmark Hang Seng Index weakened 0.2% to retreat from a four-month h ...