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Benzinga
Benzinga
World
Bhavik Nair

Alibaba, JD, Nio Shoot Up Over 2%: Hang Seng Shadows Firmer Wall Street Ahead Of Powell's Jackson Hole Speech

Alibaba BABA Jackson Hole Jerome Powell Hong Kong NYSE China United States

Hong Kong stocks opened higher on Friday, tracking an upbeat Wall Street session overnight, as investors braced for U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole summit due later in the day.

The benchmark Hang Seng rose 0.93% at the open, with shares of Alibaba, JD.com, Baidu and Li Auto surging over 3%.

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