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Alibaba, Nio Rise Over 2%: Hong Kong Stocks Firm As Easing Developer Regulations Outweigh China COVID-19 Protests

Hong Kong stocks opened higher on Tuesday, with the benchmark Hang Seng rising 3% in morning trade, despite continuing unrest in China over Xi Jinping’s strict COVID-19 restrictions. Investors and traders weighed in some good news on the Chinese regulatory front that intends to support the property sector.

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