• Shares of AGTech Holdings jump 7.6% to HK$0.71, on track for the biggest one-day pct gain since June 29

• Stock of Alibaba-backed electronic payment services provider snaps five striaght sessions of decline

• AGTech said on Thursday that its unit inked a technical service agreement with Hong Kong Gold Exchange (HKGX) to develop an electronic trading, clearing and settlement platform

• The fintech firm said all existing bullion trading, clearing, settlement and related electronic activities of HKGX are expected to migrate to the new platform after completion

• Hong Kong shares of Alibaba slip 4.2%

• YTD, AGTech stock up 248.3%, while Hang Seng TECH Index

down 15.8%

(Reporting by Donny Kwok)