Technology and internet stocks moved broadly higher during afternoon trading.

At the time of writing, shares of Alibaba-W (09988) were up 4.17% at HK$117.30, while Kuaishou-W (01024) gained 3.33% to HK$44.72.

Meituan-W (03690) shares advanced 3.17% to HK$86.30.

TENCENT (00700) also saw an increase, rising 3.03% to HK$475.60.