Hang Seng climbs, Alibaba shares rebound

Stocks in Hong Kong are rising today following record highs on Wall Street overnight.

The benchmark Hang Seng Index is at 26,547.57, higher by 232.94 points, or 0.89 percent.

Shares in Alibaba Group (9988) are also climbing. The stock is up by 4.67 percent at HK$219.80.

The group, which is under antitrust scrutiny led a selloff in Chinese tech stocks Monday.

On Wall Street, Alibaba's American depositary receipts were steady Monday, after an historic 13 percent slide the previous session. 

Tencent Holdings (0700) added 2.99 percent at HK$534.50, while Xiaomi (1810) is up by 4.65 percent at HK$32.60. Meituan Dianping (3690) gained by 4.15 percent at HK$270.80

The Hang Seng Tech Index is up by 236.09 points or 3.03 percent at  8,031.87.