Hong Kong stocks log best week in 6 months on Beijing’s ‘goodwill gestures’ as JD.com, NetEase, Anta jump 10 per cent

Hong Kong stocks rose for a fifth day, delivering the best week in six months as investors bet on stronger stimulus injection after China signalled its concerns about the nation’s faltering economy. Alibaba Group and Meituan powered gains.

The Hang Seng Index gained 0.3 per cent to 19,403.94 at 3.20pm local time, bringing the rally this week to 5.6 per cent, the most since a 6.1 per cent surge in the opening days of January. The Tech Index declined 0.5 per cent, paring an almost 9 per cent weekly gain. The Shanghai Composite Index gained less than 0.1 per cent.