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Shares of HK brokerage Bright Smart jump after Ant Group's acquisition

Shares of HK brokerage Bright Smart jump after Ant Group's acquisition

FILE PHOTO: Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo

Shares of Bright Smart Securities & Commodities Group jumped as much as 60.7% to a record upon resumption of trading on Monday after Ant Group agreed to buy a 50.55% stake in the Hong Kong-based brokerage for HK$2.81 billion ($362.26 million).

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