Alibaba, Meituan surge 16 per cent to fuel stock rally in Hong Kong as China mulls halting tech crackdown amid economic crisis

• The Hang Seng Index surges 4 per cent, paring the monthly loss to 4.1 per cent, amid signs policymakers are worried about lockdowns, manufacturing slump
• The Shanghai Composite Index, Asia’s worst performer, rebounds after facing the biggest sell-off since 2016