Hang Seng Index in Hong Kong closed up 2.15%, Alibaba surged over 18%

According to Jinse Finance, the Hong Kong Hang Seng Index closed up 2.15%, and the Hang Seng Tech Index rose by 2.2%. Alibaba surged over 18%; the gold sector led the gains, with China Gold International up more than 11%, and Zhaojin Mining, Lingbao Gold, and Wanguo International Mining Group all rising over 8%; SMIC and NIO both rose more than 4%. BYD shares fell over 5%, while Mixue Group dropped more than 4%.