Hong Kong shares closed higher. The Hang Seng Index rose 1.14% to 23,616.32, the
Hang Seng Tech index gained 0.94% to 4,541.23. Market turnover was HK$314.7bn
and southbound Stock Connect flows net bought over CNY20bn. Sector action:
online gaming, pharmaceuticals, domestic life insurers and internet/tech names
led gains; semiconductors, non-ferrous metals and large-model AI plays lagged.
Notable movers: Zhida Technology (02650.HK) rose more than 47%, Kuaishou
(01024.HK) nearly +8%, Leapmotor (09863.HK) +6.7%, China Biopharma (01177.HK)
+6.5%, Tencent Holdings (00700.HK) +4.8%, Meituan (03690.HK) +4.7%; Zhipu AI
(02513.HK) fell, BeiGene (06160.HK) rose over 4%. Biggest declines: Yangtze
Optical Fiber and Cable (06869.HK) and Kingboard Laminates (01888.HK) -14.7%,
UBTech (09880.HK) down over 10%, Kingboard Holdings (00148.HK) -9.6%, Sunny
Optical (02382.HK) down more than 7%.
