News Snapshot:
Hong Kong stocks surged by the most in almost seven weeks as Alibaba Group Holding paced a rebound in tech stocks from an all-time low. Chinese Estates Holdings surged on a take-private offer from its controlling shareholder. The Hang Seng Index rose 2.4 per cent to 24,548.44 as of 11.30am local time for its biggest one-day rally since a 2.5 per cent gain on August 24. The Hang Seng Tech Index soared 4.3 per cent, poised for its best day in three weeks. Alibaba, the owner of this newspaper, rallied 5.6 per cent to HK$145 after losing 34 per cent...
