Alibaba's Hong Kong shares surge after co bought back $5.8 bln shares in Q2
** Hong Kong shares of Alibaba Group Holding Ltd 9988.HK rise 3.3% to HK$72.75, on course for the biggest one-day pct gain since May 17, if trend holds
** Stock hits the highest since June 26, on track to snap three consecutive sessions of fall
** U.S.-listed stock BABA.N rose 2.1% on Tuesday
** Alibaba says it repurchased a total of 613 mln shares for $5.8 bln in the U.S. and Hong Kong markets during the three-month period ended in June 2024
** Says the remaining amount of board authorisation for the share repurchase programme, which is effective through March 2027, was $26.1 bln as at end-June 2024
** The Hang Seng Tech Index .HSTECH surges 2.5%, while the Hang Seng China Enterprises Index .HSCE and the Hang Seng Index .HSI both rise 1.2%
** Co's Hong Kong-listed stock down 3.3% YTD, U.S. shares down 4.1% YTD
Reporting by Donny Kwok
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