Hong Kong Stock Market Hits Nine-Month High as Tech Giants Lead Gains

Alibaba and Tencent shares rise ahead of earnings reports; ESR Group soars on privatisation bid

Hang Seng Index reaches highest level in nine months, driven by gains in tech stocks.
Alibaba and Tencent see significant share price increases ahead of their earnings reports.
ESR Group surges over 15% following a take-private bid from a US consortium.
Investors show renewed confidence in Hong Kong's market, adding over $1 trillion in capitalisation.
Weak credit expansion and mixed economic data from China create a cautious market environment.