New-look Hang Seng gains as global selloff takes a breather

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Starting today, the Hang Seng Index now features the likes of Alibaba, Xiaomi, and WuXi Biologics, after the new lineup on the 50-member index was announced some three weeks ago. The stock benchmark managed to overcome early losses to climb higher as the new trading week got underway, with all three debutants also attempting to start off on the right foot. At the time of writing, Xiaomi shares are edging higher, while Alibaba and WuXi Biologics are in the red.

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