Hang Seng Index Rises 0.4%; Alibaba Leads Advance
The Hang Seng Index rose for the seventh day, climbing 0.4%, or 91.82 to 22,867.74 in Hong Kong. The index advanced to the highest closing level since April 2.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.7%. Henderson Land Development Co. had the largest increase, rising 6.2%.
Today, 46 of 83 shares rose, while 36 fell; 3 of 4 sectors were higher, led by finance stocks.
Source: Bloomberg