Hong Kong stocks boosted by Alibaba rally
Hong Kong shares rallied on Tuesday thanks to a surge in the tech sector after Alibaba said it was planning a primary listing in the city that could pave the way for mainland investors to invest in the firm. The Hang Seng Index jumped 1.7 percent, or 342 points, to close at 20,905. The Shanghai Composite Index added 0.8 percent, or 27 points, to 3,277, while the Shenzhen Composite Index climbed 1 percent, or 21 points, to 2,187. (AFP)