Hang Seng Rises 0.9%, Alibaba Leads Rally
The Hang Seng Index rose 0.9% to 25,339.14, its biggest daily gain since August 13 (+2.6%), after a 0.2% decline in the previous session. The increase occurred from the opening and persisted until the morning's close.
The main driver came from Alibaba's +2.0% gain, which contributed the most to the index's rise. SMIC jumped 10.1%, becoming the day's biggest gainer. Overall, 50 of 85 stocks rose, while 30 fell.
Most sectors also advanced: 3 out of 4 sectors were in the green, led by the commerce & industrials group. This fairly widespread increase indicates improved buying interest in technology and consumer stocks. (ayu)
Source: Newsmaker.id