Hang Seng Index Rises 2%; Led by Commerce Sector
The Hang Seng Index rose for the fifth day, climbing 2%, or 353.14 to 18,013.16 in Hong Kong. The move was the biggest gain since July 31.
Today, commerce and industry stocks led the market higher, as 3 of 4 sectors gained; 70 of 82 shares rose, while 11 fell.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.4%. China Resources Land Ltd. had the largest increase, rising 7.8%.
Source: Bloomberg