After being suspended on Thursday morning due to a typhoon alert, Hong Kong's benchmark Hang Seng Index rose 1.22% in afternoon trade, taking cues from Wall Street as investors turned their attention to the start of the Jackson Hole Economic Symposium.
Shares of Alibaba, JD.com, Nio and Baidu rose more than 3.5% in afternoon trade.
The Bank of Korea raised its interest rate by 25 basis points to 2.5% which was in line with expectations. All eyes, however, will be on Fed Chair Jerome Powell’s economic outlook speech at Jackson Hole on Friday.
Also Read: Why Alibaba, Nio And Other Stocks' Trading Has Been Suspended In Hong Kong Today
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