Hang Seng Index Rises 2.4%; Led by Commerce Sector
The Hang Seng Index rose 2.4% at 25,858.83 in Hong Kong. The move was the biggest since rising 2.6% on Aug. 13 and follows the previous session's decrease of 2.5%.
Today, commerce and industry stocks led the market higher, as all sectors gained; 78 of 88 shares rose, while 10 fell.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 4.9%. NetEase Inc. had the largest increase, rising 5.2%.
Source: Bloomberg.com