News Snapshot:
Alibaba Group Holding and Chinese tech peers drove Hong Kong stocks to a one-week high as risk appetite recovered on bets the US will temper the pace of its rate increases on recession concerns. The Hang Seng Index jumped 1.9 per cent to 21,054.54 at 11.20am local time while the Tech Index advanced 2.4 per cent and the Shanghai Composite Index added 0.7 per cent. Alibaba climbed 4.3 per cent to HK$105.20 while Meituan added 4 per cent to HK$196.70. JD.com advanced 4 per cent to HK$251. HSBC added 1.4 per cent to HK$49.50 while ICBC added 1.2 per cent...
