Hong Kong Stocks Rally as Hang Seng Gains 278 Points, Tech and Optical Sectors Lead

Hong Kong stocks closed strongly today, with the Hang Seng Index rising 278 points or 1.12% to 25,170 as of 10:47 AM HK time, according to HKEJ market data. The index had climbed over 300 points intraday, briefly reaching 25,196 before paring gains. The National Index gained 86 points or 1.04% to 8,337, while the Tech Index added 21 points or 0.46% to 4,689.

Tech giants rebounded strongly. Tencent rose 1.8% to HK$448.60, while Meituan, Baidu, and Kuaishou each gained between 1.3% and 1.7%. The optical communications sector extended gains after Zhongji Innolight began IPO subscriptions, with Fiberhome Telecommunication climbing 2.5% and Cambridge Technologies jumping 4.8%.