The Hang Seng Index closed up 0.48%; the Hang Seng Tech Index also finished higher. Market turnover was HKD 255.18 bln. Tech names were mixed: MiniMax (00100.HK) and Alibaba (09988.HK) led gains, each up more than 7%; Baidu (09888.HK), Tencent Holdings (00700.HK) and Kuaishou (01024.HK) rose over 3%. Zhipu (02513.HK) fell 4.81%; XPeng (09868.HK) and Li Auto (02015.HK) declined about 3%. Memory-related stocks underperformed: Southern 2x long SK hynix (07709) fell over 16%, Southern 2x long Samsun

The Hang Seng Index closed up 0.48%; the Hang Seng Tech Index also finished higher. Market turnover was HKD 255.18 bln. Tech names were mixed: MiniMax (00100.HK) and Alibaba (09988.HK) led gains, each up more than 7%; Baidu (09888.HK), Tencent Holdings (00700.HK) and Kuaishou (01024.HK) rose over 3%. Zhipu (02513.HK) fell 4.81%; XPeng (09868.HK) and Li Auto (02015.HK) declined about 3%. Memory-related stocks underperformed: Southern 2x long SK hynix (07709) fell over 16%, Southern 2x long Samsung Electronics (07747) slid nearly 14%; Montage Technology (06809.HK) and GigaDevice (03986.HK) each dropped more than 7%.