KWEB is trading at $24.82, up 3.31%, as Hong Kong internet stocks rebound. - The Hang Seng Tech Index rose 3.1%, while the Hang Seng Index gained 1.8%. - Strength among Tencent, Meituan and Alibaba supported the sector move. - The rally followed a steep sector pullback. Broader U.S. tech strength may also have helped sentiment, but the Hong Kong internet-stock rebound was the clearest catalyst.