News Snapshot:
Hong Kong stocks rose, lifting the benchmark index to a second week of gains, after a report showing China’s services industry expanded significantly last month. Alibaba Group Holding rallied for a third day from a record low. The Hang Seng Index rose 0.3 per cent to 24,778.16 as of 10.30am local time. The Hang Seng Tech Index added 0.6 per cent, paced by Alibaba after its American depositary shares rallied 8.3 per cent in New York amid efforts to improve US-China ties. The Shanghai Composite Index added 0.6 per cent as the market resumed trading after a five-day holiday break....
