Hang Seng Index Rises 0.7%; Alibaba Leads Advance
The Hang Seng Index rose for the second day, climbing 0.7%, or 192.17 to 26,160.15 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 2.3%. Semiconductor Manufacturing International Corp. had the largest increase, rising 8.0%.
Today, 61 of 88 shares rose, while 22 fell; all sectors were higher, led by commerce and industry stocks.
Source: Bloomberg.com