Bank concerns lessen, Alibaba helps Hang Seng 2023
Most Asian stock markets rose on Wednesday as regulators further downplayed fears of a banking crisis, while Hong Kong’s Hang Seng index rose sharply as investors cheered a major restructuring in e-commerce giant Alibaba (NYSE: BABA) Group. The Hang Seng jumped 2.2% to an over three-week high, with Alibaba Group Holdings Ltd (HK:9988) up nearly … Read more