"Alibaba's Stock Surge Boosts Hong Kong Market Amid Mixed Asia Markets"
TL;DR Summary
Hong Kong's Hang Seng index surged almost 2% powered by tech stocks, with Alibaba jumping 6% after founder Jack Ma reportedly bought $50 million of its shares. Meanwhile, Asia-Pacific markets mostly fell, with Japan's exports beating expectations and recording a trade surplus, and New Zealand's inflation rate hitting its lowest level since June 2021. In the oil market, prices remained flat as traders tried to decipher mixed signals in the Middle East and threats to crude supplies.
- Alibaba pops 6% pushing Hong Kong stocks higher; Asia markets mostly lower CNBC
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- Alibaba's Hong Kong shares surge 5% on report of Ma buying stock By Investing.com Investing.com
- Alibaba co-founders buy more than $200 million worth of shares, sending stock up CNBC
- Five Things You Need to Know to Start Your Day: Asia Bloomberg
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