Tencent Holdings is trading 3.04% higher at $55.54 as Hong Kong technology and internet stocks rally.
- Tencent rose nearly 3% in Hong Kong; Xiaomi gained more than 4% and Alibaba more than 3%.
- Tencent announced a September 21 repurchase of 235,000 shares for HK$101 million, though available reporting does not establish it as the primary catalyst.
- U.S. technology strength and improved risk appetite provide additional support.