China's TUHU Car jumps most on record after included in Stock Connect scheme

TUHU Car

26/04/2024 07:09

** Shares of Chinese online and offline automotive service
platforms provider TUHU Car Inc  9690.HK  jump as much as 21.4%
to HK$24.20, on course for the biggest one-day pct gain since
debut on Sept. 26
    ** Stock hit the highest since Feb. 23 and on track for the
fourth straight session of rise; fifth biggest pct gainer on
Hang Seng Composite Index  .HSCI   
    ** Shanghai Stock Exchange announced on Thursday that TUHU
would be included in the list of Southbound trading of
Shanghai-Hong Kong Stock Connect cross-border investment scheme
effective Friday
    ** Hang Seng Tech Index  .HSTECH  jumps 4.8%, while Hang
Seng Composite Index  .HSCI  and Hang Seng Index  .HIS  both
rise 2.5%
    ** Stock down 18% YTD

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))