Alibaba Jumps Most in Six Weeks Before Earnings Amid Tech Rally

Alibaba Group Holding Ltd. led Chinese tech stocks higher on Thursday as investors repositioned ahead of its quarterly results, though caution remained about a number of roadblocks ahead.

Shares of the e-commerce giant gained 5.2% in Hong Kong, among the best performers on the Hang Seng Tech Index, which advanced as much as 3.2%. The stock rose for two consecutive days, after a visit to Taiwan by US House Speaker Nancy Pelosi sent broader markets tumbling this week.