Hang Seng Index Rises 1.2%; Led by Commerce Sector
Hang Seng Index rose for the fourth day, climbing 1.2%, or 297.6 to 24,474.67 in Hong Kong. The index advanced to the highest closing level since March 19.
Today, commerce and industry stocks led the market higher, as all sectors gained; 70 of 85 shares rose, while 11 fell.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 2.5%. New Oriental Education & Technology Group Inc. had the largest increase, rising 8.9%.
Source: Bloomberg