The Hang Seng Tech Index extended its gains to 5% in the afternoon, while the Hang Seng Index rose 3.10%. Technology and chip stocks continued to strengthen, with Zhipu (02513.HK) rising over 14%, Alibaba (09988.HK) rising over 12%, Lenovo Group (00992.HK) rising over 8%, Kuaishou (01024.HK) and SenseTime (00020.HK) rising over 7%, and Xiaomi Group (01810.HK) rising over 8%.