Hang Seng Index Rises 2.6%; Led by Commerce Sector
The Hang Seng Index rose 2.6% at 21,857.92 in Hong Kong. The move was the biggest since rising 2.8% on Feb. 4 and follows the previous session's decrease of 1.1%.
Today, commerce and industry stocks led the market higher, as all sectors gained; 74 of 83 shares rose, while 6 fell.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 8.5%. Alibaba Health Information Technology Ltd. had the largest increase, rising 10.8%.
Source: Bloomberg