Shares in Alibaba Group Holding Ltd 9988.HK, BABA.N surged 8.6% on relief that China's record 18 billion-yuan ($2.75 billion) fine on the e-commerce giant, which makes up more than 8% of the MSCI emerging markets index, was not more onerous. Alibaba is an affiliate of Ant Group. The smooth auction of $96 billion in new three- and 10-year U.S. Treasury notes kept a move higher in yields in check as the market looked to key data releases this week, including a reading on U.S. consumer price inflation and retail sales.