Hong Kong stocks closed higher on Friday, mirroring Wall Street’s rally that was fuelled by strong US consumer data and earnings optimism, as investors bet on steady economic growth and cooling inflation.
The Hang Seng Index rose 1.3%, and the Hang Seng Technology Index rose 1.7%.
NIO up 5%; Bilibili up 4%; JD.com, Alibaba rose 3%; Kuaishou, BYD, Xiaomi up 2%; Meituan up over 1%; Tencent up 0.4%.
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