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Benzinga
Benzinga
World
Bhavik Nair

Alibaba, Nio Rise Over 1% As Hong Kong Tech Stocks Cheer Wall Street Rebound: Cautious Investors Eye Key Fed Event

Alibaba BABA NIO Hong Kong United States Nasdaq China Nio Inc

Major U.S.-listed Chinese tech and electric-vehicle stocks rose in Hong Kong on Thursday, with Alibaba and Nio adding over 1%, tracking an upbeat overnight finish on Wall Street. 

The benchmark Hang Seng Index, however, was down 0.3% as investors kept to the sidelines ahead of U.S. Federal Reserve Chair Jerome Powell's speech later today.

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