Hong Kong stocks complete longest winning run since January as Alibaba, Cathay Pacific, banks rally, market prepares for Ant IPO

Hang Seng Index gained 0.9 per cent after its steepest decline since September 21, keeping benchmark up for a third week Alibaba rebounded 3.2 per cent, after biggest fall in three months, banks recouped losses, travel bubble buoyed Cathay Pacific Hong Kong stocks completed a third weekly advance, its longest winning run since January, as Alibaba rebounded from Thursdayࢀ™s rout. Banks halted a slump while a travel bubble plan buoyed Cathay Pacific. Hong Kong stocks advanced on Friday, lifting the benchmark index to its longest winning run in nine months. Alibaba Group Holding paced winners on optimism its affiliate Ant…