Alibaba Group's shares surged 4.2% following its inclusion in China's Stock Connect Scheme after upgrading its Hong Kong listing to primary status. The move allows mainland Chinese investors to purchase shares in the e-commerce giant, expected to drive significant inflows. Morgan Stanley projected that Alibaba could see inflows between $17 billion and $37 billion from mainland investors over the next 12 months, though UBS noted that the immediate market reaction was modest.