Hong Kong stocks rose more than 1% intraday, the Hang Seng Tech Index rose more than 1.7%, Xinyi Glass (00868.HK) and SMIC (00981.HK) both rose nearly 10%, Longfor Group (00960.HK) and China Resources Land (01109.HK) both rose more than 5%, and Baidu (09888.HK) and Alibaba (09988.HK) both rose more than 4%.