Hong Kong stocks close higher
Hong Kong stocks closed higher on Wednesday, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six groups. The Hang Seng Index rose 2.1 percent, or 407 points, to close at 20,192. The Shanghai Composite Index shed 0.2 percent, or 5 points, to 3,240, and the Shenzhen Composite Index dropped 0.1 percent, or 0.99 points, to 2,103. (AFP)