Hang Seng Index Rises 2.8%; Led by Commerce Sector
The Hang Seng Index rose 2.8% at 26,338.47 in Hong Kong. The move was the biggest since rising 3% on May 12 and follows the previous session's decrease of 0.9%.
Today, commerce and industry stocks led the market higher, as all sectors gained; 85 of 89 shares rose, while 3 fell.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 4.3%. Baidu Inc. had the largest increase, rising 9.4%.
Source: Bloomberg.com