Alibaba shares jump 12.2% in Hong Kong, marking best day in 10 months amid rising Chinese tech sector.

Alibaba's shares surged 12.2% in Hong Kong trading, their biggest single-day gain since September last year, reflecting renewed investor interest in Chinese tech stocks. The broader Chinese technology sector also saw gains after lagging behind rallies in U.S., Korean, and Taiwanese tech companies. Alibaba's American depository receipts rose 10% in premarket trading, signaling optimism about the company's prospects. This rally may indicate a potential catch-up phase for Chinese tech firms in global markets.