Hang Seng Index Rises 2.3%; Alibaba Leads Gains
The Hang Seng Index rose 2.3% to 23,640.65 in Hong Kong. It rose to its highest close since March 24 after the previous session’s 1.9% decline.
Alibaba Group Holding Ltd. was the biggest contributor to the index’s gain, rising 3.4%. China Life Insurance Co. was the biggest gainer, rising 6.6%.
Today, 76 of 83 stocks rose, while four fell; all sectors rose, led by trade and industrial stocks.
Source: Bloomberg