Hong Kong stocks rose in the morning session; the Hang Seng Index was up 0.87% at the midday close and the Hang Seng Tech Index gained 1.8% after an intraday high of 2.7%. Large-cap techs drove the market: Meituan (03690.HK) +6%+, Tencent Holdings (00700.HK) +2.5%, Kuaishou (01024.HK) +2.5%, Alibaba (09988.HK) +2.3%, Xiaomi (01810.HK) +2%. Application software outperformed, led by Kingdee International (00268.HK) nearly +19%. Semiconductor, optical-communications and PCB names underperformed: Ti

Hong Kong stocks rose in the morning session; the Hang Seng Index was up 0.87% at the midday close and the Hang Seng Tech Index gained 1.8% after an intraday high of 2.7%. Large-cap techs drove the market: Meituan (03690.HK) +6%+, Tencent Holdings (00700.HK) +2.5%, Kuaishou (01024.HK) +2.5%, Alibaba (09988.HK) +2.3%, Xiaomi (01810.HK) +2%. Application software outperformed, led by Kingdee International (00268.HK) nearly +19%. Semiconductor, optical-communications and PCB names underperformed: Tianshu Zhixin (09903.HK) down nearly 12%, Hua Hong Semiconductor (01347.HK) down about 4%, Cambridge Technology (06166.HK) down >8%, Yangtze Optical Fibre and Cable (06869.HK) down >6%, Guanghe Technology (01989.HK) down >8%.