Fuelled By Alibaba, HSI Jumps 2 Percent
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2022-02-09 HKT 16:29
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Hong Kong stocks bounced back on Wednesday from the previous day's steep losses thanks to a surge in market heavyweight Alibaba that came after Japanese conglomerate SoftBank soothed fears it was planning to offload some of its huge stake in the Chinese e-commerce giant.
The Hang Seng Index climbed 2.06 percent, or 500.50 points, to 24,829.99.
The Shanghai Composite Index added 0.79 percent, or 27.32 points, to 3,479.95, while the Shenzhen Composite Index on China's second exchange jumped 1.61 percent, or 36.72 points, to 2,317.23. (AFP)
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