Hong Kong shares open higher, Alibaba rises 3pc

Hong Kong stocks opened higher on Monday, lifted by tech heavyweights.

The benchmark Hang Seng Index advanced 272 points, or 1.12 percent, to 24,835.

The tech gauge rose 2.2 percent to 4,724.

Alibaba (9988) jumped 3 percent at the open, and Tencent (0700) went up 0.87 percent.

Oil majors gained on rising oil prices, with PetroChina (0857) and CNOOC (0883) increasing 1.7 percent and 2.1 percent, respectively.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓