Hong Kong stocks hit a new four-year high by Wednesday noon

Hong Kong stocks hit a new four-year high by noon on Wednesday.

The benchmark Hang Seng Index gained 308 points to 26,246 points as of midday.

The half day turnover recorded HK$169.6 billion.

The tech gauge climbed 1.8 percent to 5,933.

Alibaba (9988) rose 2.1 percent and Tencent (0700) gained nearly 1.8 percent.

Chinese battery giant Contemporary Amperex Technology (3750) edged up by 0.4 percent following rumors that it is expected to soon resume production at a lithium mine in Yichun.

JD.com (9618) marched 4.6 percent.

In mainland China, the Shanghai Composite Index edged up by 0.17 percent to 3,813 points while the Shenzhen Component Index rose 0.2 percent to 12,540.