Hong Kong stocks rebounded over 1.4 percent in the early trading hours, boosted by tech shares including Alibaba (9988) on its strong earnings.

The benchmark Hang Seng Index started Friday at 23,090 points, 514 points or 2.3 percent higher than the previous close.

But the HSI then retreated slightly to 22,913 points as of 10.03 am in Hong Kong, up by 336 points or 1.49 percent from the previous close.

The tech guage opened 3.3 percent or 184 points higher at 5,684 points.