China's Meituan hits over 5-month peak on potential Saudi expansion plans

** Shares of Chinese food delivery giant Meituan 3690 jump 5.1% to HK$117.20, their highest since Nov. 8

** Second-most actively traded stock by turnover

** Meituan is seeking to hire staff for at least eight positions based in Riyadh, in a sign it may be looking to Saudi Arabia to further its global expansion ambitions

** Meituan did not immediately respond to a request for comment on its plans for Saudi Arabian expansion

** Hang Seng Tech Index HHSTECH jumps 4.4%, Hang Seng Commerce & Industry Index (.HSNC) surges 3% and Hang Seng Index HSI rises 2.3%

** Stock up 42.6% YTD