Hong Kong stocks rise as rallies from Alibaba, SMIC, other tech giants lift market sentiment

Hong Kong stocks extended their gains on Wednesday afternoon as concerns over a wave of lock-up expiries, long seen as a major headwind for the city’s equities, showed early signs of easing, while surging rallies in tech heavyweights lifted broader market sentiment. The Hang Seng Index, which entered the noon break up 2.4 per cent, continued to climb in the afternoon session as of 1.30pm. The Hang Seng Tech Index heavily outpaced the broader market, expanding its gains past 4.8 per cent as...