HONG KONG, Oct 16 (SCMP): Hong Kong stocks advanced at the lunch break as traders deemed the market’s recent slide as overdone. Alibaba Group Holding paced winners on optimism its affiliate Ant Group will press on with its jumbo initial public offering despite recent hurdles.
The Hang Seng Index rose 0.8 per cent to 24,347.65 at midday break, on course for a weekly gain. The benchmark fell 2.1 per cent on Thursday, the steepest pullback since September 21. The Shanghai Composite Index slipped 0.3 per cent to 3,322.85, on track for its third consecutive day of declines.
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