Hong Kong stocks rally on Alibaba earnings
Hong Kong stocks extended gains into a third day on Friday, helped by a forecast-beating earnings report from e-commerce titan Alibaba. The Hang Seng Index added 0.54 percent, or 109.55 points, to 20,383.59. The Shanghai Composite Index edged up 0.19 percent, or 6.19 points, to 3,195.23, while the Shenzhen Composite Index rose 0.28 percent, or 5.92 points, to 2,141.25. (AFP)