Alibaba Group Holding's shares saw positive momentum in the Hong Kong market, with the stock price rising 2.8 percent to HK$159.40. This increase contributed to the Hang Seng Index reaching a two-week high, as broader market sentiment was lifted by optimistic 2026 forecasts from various asset managers and investment banks. The positive outlook for Chinese equities is supported by expectations of improved corporate earnings, easing deflationary pressures, and potential policy support from Beijing. Investors are anticipating the annual central economic work conference, which is expected to set the policy tone for the upcoming year and could introduce further measures to stabilize economic growth.