BUZZ-Alibaba's Hong Kong shares jump on joining stock connect scheme

Reuters09-10

** Hong Kong shares of Chinese e-commerce giant Alibaba Group jump 5.2% to HK$82.35, their highest since Aug. 26, and on track to snap two straight sessions of falls

** Stock biggest pct gainer in the Hang Seng Index and the Hang Seng China Enterprises Index ; second biggest gainer in the Hang Seng Tech Index

** China's Shanghai and Shenzhen stock exchanges will include Alibaba Group and some other companies into Stock Connect cross-border investment scheme from Tuesday, separate filings showed on Monday

** This move will integrate Alibaba into a programme linking the Shenzhen and Shanghai stock exchanges with the Hong Kong stock exchange

** The Hang Seng Tech Index slips 0.3%, while the Hang Seng China Enterprises Index and the Hang Seng Index each add 0.1%

** Alibaba's Hong Kong stock up 8.9% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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