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Alibaba Rises, Nio Muted But EV Rivals Rally: Hong Kong Stocks Buck The Trend As Asia Markets Bleed

Hong Kong shares opened in the green on Monday, defying a wider Asia trend as most markets in the region were still plagued by negative sentiment triggered by the U.S. Federal Reserve's aggressive rate hike and outlook.  The benchmark Hang Seng was 0.27% higher in early trading, while bourses in South Korea and Japan plunged over 2%.

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