HK shares track regional gains, Alibaba jumps

(Updates to open)

HONG KONG, Feb 4 (Reuters) - Hong Kong stocks jumped 3.2
percent on Monday, tracking regional gains, with resources and
construction materials plays leading the rise.

Shares of Chinese e-commerce firm Alibaba.com (1688.HK: Quote, Profile, Research, Stock Buzz)
surged 18 percent following news that Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) had
offered to buy Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz), the popular Web portal, for
$44.6 billion. Yahoo has a stake in Alibaba.

The benchmark Hang Seng Index .HSI opened up 3.16 percent
at 24,885.07. The China Enterprises index of H-shares .HSCE, or
Hong Kong-listed shares in mainland companies, rose 5.06 percent.
(Reporting by Donny Kwok; Editing by Anne Marie Roantree)