Hang Seng Index Rises 1.8%; Alibaba Leads Advance
The Hang Seng Index rose for the third day, climbing 1.8%, or 388.44 to 21,521.98 in Hong Kong. The index advanced to the highest closing level since Oct. 7.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 5.5%. Alibaba Health Information Technology Ltd. had the largest increase, rising 9.2%.
Today, 57 of 83 shares rose, while 22 fell; all sectors were higher, led by commerce and industry stocks.
Source: Bloomberg