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

Apr 26, 202406:09 UTC

** Shares of Chinese online and offline automotive service platforms provider TUHU Car Inc 99690 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 HHSTECH jumps 4.8%, while Hang Seng Composite Index (.HSCI) and Hang Seng Index (.HIS) both rise 2.5%

** Stock down 18% YTD