Alibaba (09988.HK) reported FY2027 Q1 revenue of 269.0 billion yuan, up from 247.652 billion yuan a year earlier.

Hong Kong stocks opened higher, recovered after an early dip; Hang Seng +1.14% at 25,786.32, Hang Seng Tech +1.54% at 4,754.13. Biopharma and oncology names led gains alongside gold and selective NEV names; shale gas and casual gaming lagged. Biggest moves: 01952.HK +68%; CanSino Biologics (06185.HK) +51%; China Biologic Products (01177.HK) +16%; CSPC PHARMA (01093.HK) +13.5%; Laopu Gold (06181.HK) +11%; MINIMAX-W (00100.HK), Cambridge Technology (06166.HK), Shandong Gold (01787.HK) > +8%; Chow Tai Fook (01929.HK) +7%; Li Auto (02015.HK) ~+6%. Kuaishou Technology (01024.HK) fell ~10% after results; 06683.HK down ~5%.

德国央行：预计伊朗战争不会通过工资产生二次影响。