A man stands in front of the jumbo screen showing the latest economic and stock data in Shanghai on June 23. Photo: EPA-EFE
A man stands in front of the jumbo screen showing the latest economic and stock data in Shanghai on June 23. Photo: EPA-EFE

Alibaba, Haidilao lead Hong Kong stocks to near three-month high on China recovery signals as Beijing eases lockdown

  • The Hang Seng Index hit its highest close since April 4 with reports this week suggesting an expansion in Chinese manufacturing after a three-month slump
  • Alibaba Group surged amid speculation about Ant Group’s restructuring and potential resumption of mega stock offering

A man stands in front of the jumbo screen showing the latest economic and stock data in Shanghai on June 23. Photo: EPA-EFE
A man stands in front of the jumbo screen showing the latest economic and stock data in Shanghai on June 23. Photo: EPA-EFE
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