Hang Seng soars 7% led by Alibaba, JD.com

Friday, 04. November 2022 06:19

Chinese stocks extended gains on Friday as Hong Kong's Hang Seng soared more than 7% with online commerce platforms leading the gains.

The Hang Seng skyrocketed 7.23% at 6:18 am CET. The best performer was Alibaba, whose shares soared 16.27%, followed by JD.com, up 15.15%. Despite today's strong gains, the index is still 4% down for the month.

In mainland China, the Shanghai Composite rallied 2.46% at 6:23 am CET and the Shenzhen Composite jumped 2.62%. Elsewhere in Asia, the Nikkei 225 fell by 1.76% at 6:25 am CET, while South Korea's Kospi rose by 0.64% at the same time.

In Australia, the S&P/ASX 200 closed 0.50% higher.

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