Hong Kong stocks hit four-week high as Alibaba, Meituan soar on bets antitrust crackdown against Big Tech is ending

Hong Kong stocks rallied to near a four-week high as investors bet the worst is over on tech sector regulatory crackdown following the end of investigation into Meituan.

The Hang Seng Index jumped 2.2 per cent to near 25,391.37 at the local noon break, taking the gauge to the highest since September 14. The Hang Seng Tech Index surged 3.7 per cent. China’s Shanghai Composite Index added 0.4 per cent.