Hong Kong Stocks Rally in Afternoon Trade, Hang Seng Index Up 3.09% to 24,222 Points; Tech Stocks Led by Alibaba Surging 11.5%

HK502.28%
Hong Kong stocks rallied sharply in afternoon trading today, with the Hang Seng Index surging 725 points or 3.09% to 24,222 as of 1:44 p.m. (July 8). The National Index climbed 3.95% to 8,077, while the Tech Index gained 4.97% to 4,730. Tech stocks led the rally, with Alibaba (09988) up 11.5% to HKD 106.90, Xiaomi (01810) rising 6.8% to HKD 24.68, and Baidu (09888) gaining 5.5% to HKD 116.70. Tencent (00700) climbed 3.4% to HKD 476.80, while JD.com (09618) and NetEase (09999) gained 3.5% and 3.6% respectively.
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