Hang Seng Index Rises 0.7%; Alibaba Leads Advance
The Hang Seng Index rose for the second day, climbing 0.7%, or 168.72 to 26,027.55 in Hong Kong. The index advanced to the highest closing level since Oct. 10.
Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 2.0%. China Life Insurance Co. had the largest increase, rising 6.0%.
Today, 56 of 88 shares rose, while 28 fell; 2 of 4 sectors were higher, led by finance stocks.
Source: Bloomberg.com