Hang Seng Index Rises 1.1%; Alibaba Leads Advance
The Hang Seng Index rose for the third day, climbing 1.1%, or 252.94 to 23,906.97 in Hong Kong. The index advanced to the highest closing level since March 20.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.2%. Kuaishou Technology had the largest increase, rising 5.0%.
Today, 60 of 83 shares rose, while 21 fell; all sectors were higher, led by commerce and industry stocks.
Source: Bloomberg