News Snapshot:
Hong Kong stocks were headed for a second week of gains on the back of tech rally while a report showing China’s services industry expanded significantly last month aided sentiment. The Hang Seng Index has risen 0.3 per cent this week as Alibaba Group Holding climbed for a third day from a record low. The benchmark earlier rose as much as 1.5 per cent on Friday before reversing to a loss of 0.3 per cent at the local noon break. The Shanghai Composite Index added 0.6 per cent as the market reopened after a five-day trading break due to a...
