BUZZ-Alibaba's HK shares climb most in 4 weeks on deal to resolve US drug sales probe

** Hong Kong shares of Alibaba 9988.HK rise 4.9% to HK$97.4, their biggest intraday pct gain since June 2

** Stock touches the highest point since June 25, and is the third-most actively traded share by turnover in early morning trade

** U.S.-listed shares of Alibaba BABA.N up 2.1% on Wednesday

** Chinese ‌technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve allegations that they failed to prevent illegal drug sales, the U.S. Justice Department said on Wednesday

** YTD, Hong Kong stock down 33%, U.S.-listed shares down 33.2%, Hang Seng TECH Index .HSTECH down 17.7%




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