Hang Seng Index Rises 2.5%; Alibaba Leads Gains
The Hang Seng Index rose for a third day, rising 2.5%, or 595, to 24,740.57 in Hong Kong. The move was the biggest since a 3.3% gain on March 6.
Alibaba Group Holding Ltd. contributed the most to the index’s advance, rising 5.8%. Baidu Inc. was the biggest gainer, rising 12.2%.
Today, 72 of 83 stocks rose, while 8 fell; 3 of 4 sectors rose, led by trade and industrial stocks.
Source: Bloomberg