Shares of TRIP.COM-S, a leading online travel platform in China, soared 5.35% in intraday trading on Friday, outperforming the broader Hong Kong market. The surge was fueled by a rally in Hong Kong technology stocks, with the Hang Seng Tech Index rising 1.74%.
According to market reports, several high-profile tech companies, including SMIC, Kingsoft, and Xiaomi, witnessed significant gains of around 4% during the trading session. This positive sentiment spilled over to TRIP.COM-S, driving its stock price higher.
Analysts attributed the tech stock rally to optimism surrounding potential improvements in US-China relations, following positive comments from US President Donald Trump at the World Economic Forum. Additionally, the strong performance on Wall Street, where the S&P 500 Index reached an all-time high, further boosted investor confidence in the Hong Kong market.
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