After being suspended on Thursday morning due to a typhoon alert, Hong Kong's benchmark Hang Seng Index rose 1.22% in afternoon trade, taking cues from Wall Street as investors turned their attention to the start of the Jackson Hole Economic Symposium.
| Stock | Movement |
|---|---|
| Alibaba Group Holding Ltd. (NYSE:BABA) | 4.12% |
| JD.com Inc (NASDAQ:JD) | 4.78% |
| Baidu Inc (NASDAQ:BIDU) | 4.93% |
| Tencent Holdings Ltd. (OTC:TCEHY) | 1.61% |
| Meituan (OTC:MPNGF) | 3.35% |
| Nio Inc (NYSE:NIO) | 3.83% |
| XPeng Inc (NYSE:XPEV) | 0.89% |
| Li Auto Inc (NASDAQ:LI) | 0.53% |
Shares of Alibaba, JD.com, Nio and Baidu rose more than 3.5% in afternoon trade.
The Bank of Korea raised its interest rate by 25 basis points to 2.5% which was in line with expectations. All eyes, however, will be on Fed Chair Jerome Powell’s economic outlook speech at Jackson Hole on Friday.
Also Read: Why Alibaba, Nio And Other Stocks' Trading Has Been Suspended In Hong Kong Today
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