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Benzinga
Benzinga
World
Bhavik Nair

Why Alibaba, Nio And Other Stocks Are Shooting Higher In Hong Kong Today

Alibaba NIO Hong Kong US Federal Reserve China Inflation

Hong Kong stocks opened in the green on Friday, taking cues from Wall Street where major indices gained following clarity on the U.S. Federal Reserve’s policy path. China’s slower-than-expected consumer price inflation rise also lifted sentiments. 

The benchmark Hang Seng Index rose over 2% in the morning session. Shares of Alibaba, Nio and XPeng shot up over 2%.

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