Hong Kong stocks rallied by the most in a month, paring losses in April, as China policy easing bets swell before a government report in manufacturing. $CNOOC(00883.HK)$ jumped on a special dividend payout plan.
The $Hang Seng Index(800000.HK)$ surges 3.18% to 20,920.61 as at 15:08pm , narrowing the loss in April.
The $Hang Seng TECH Index(800700.HK)$ soared 8.61%.
The April Politburo "will likely deliver a positive signal of stabilising growth," said Zheng Xiaoxia, an analyst at Hua An Securities.$BABA-SW(09988.HK)$ surged 13.77 percent to HK$100.40, $Meituan-W(03690.HK)$ gained 13.70 percent to HK$169.30 and $JD.com, Inc.-SW(09618.HK)$ added 13.24 percent to HK$260.00. $CNOOC(00883.HK)$ rallied 4.8 percent to HK$11.36 after proposing to pay shareholders almost HK$56 billion (US$7.1 billion) in special dividends.