Hang Seng Index Rises 1%; Alibaba Leads Advance
The Hang Seng Index opened 1% higher, climbing 205.3 to 20,271.49, as stocks gain for the second straight day in Hong Kong.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.4%. Baidu Inc. had the largest increase, rising 4.8%.
In early trading, 72 of 83 shares rose, while 11 fell; all sectors were higher, led by commerce and industry stocks.
Source : Bloomberg