Hong Kong shares open with big gains

Hong Kong stocks rallied more than one percent at the open on Friday, with Alibaba leading tech firms up after reporting bumper revenue for its annual Singles Day shopping event in the mainland.

The Hang Seng Index rose 1.09 percent to 25,523.

The Shanghai Composite Index was flat at 3,534, while the Shenzhen Composite Index also barely moved, inching slightly higher to 2,458. (AFP)