Hang Seng Index Rises 3%; Alibaba Leads Advance
The Hang Seng Index rose for the eighth day, climbing 3%, or 681.72 to 23,549.46 in Hong Kong. The move was the biggest since rising 3.3% on March 6.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 6.2%. Sunny Optical Technology Group Co. had the largest increase, rising 14.8%.
Today, 72 of 83 shares rose, while 9 fell; all sectors were higher, led by commerce and industry stocks.
Source: Bloomberg