Shares in Asia-Pacific rose in Thursday trade, as fears over the omicron Covid variant eased.
Hong Kong-listed shares of Chinese e-commerce titan JD.com plunged 7.95% while Tencent surged 4.2%. Those moves came after Tencent announced it will distribute the majority of its shares in JD.com to its shareholders — valued at 127.7 billion Hong Kong dollars (about $16.37 billion), based on JD’s Wednesday close in Hong Kong.
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