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Benzinga
Benzinga
World
Shanthi Rexaline

Alibaba, Nio Spike, EV Peers Mixed: What's Weighing On Hong Kong Stocks Today

Hong Kong shares edged higher by mid-day trading on Friday, with gains among energy and property stocks offsetting weakness in most tech and consumer discretionary sectors. Electric vehicle stocks traded on a mixed note.

Tech Mixed:  After pausing for a breather on Thursday, Alibaba Group Holding Ltd (NYSE: BABA) shares rose sharply. Intraday, the stock hit its highest level since mid-February, suggesting improving sentiment toward the battered e-commerce giant.

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