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China Tech Stocks Gain as Talks Progress to Avoid US Delistings

  • Firms with ADRs among the biggest advancers on Hang Seng Tech
  • Need to see if US officials accept disclosure, EFG Asset says
Outside the New York Stock Exchange (NYSE) in New York.

Outside the New York Stock Exchange (NYSE) in New York.

Photographer: Jonathan Alpeyrie/Bloomberg
Updated on

Chinese technology shares rose for a second day after talks between Beijing and Washington to avoid the delisting of companies in New York was said to show signs of progress. 

Hong Kong’s Hang Seng Tech Index climbed as much as 2.1% on Friday before paring gains to close 0.8% higher as it capped its biggest weekly gain in over a month. Firms that have ADRs, such as GDS Holdings Ltd. and AAC Technologies Holdings Inc., were among the best performers.