Hong Kong stocks closed higher; the HSI rose 1.74% and the Hang Seng Tech Index
gained 2.27% after intraday peaks above 2% and 3% respectively. Pork-related
names led a sector move, with COFCO Joycome (01610.HK) up more than 9%. Large
internet names rebounded: Meituan (03690.HK) +5%, NetEase-S (09999.HK) +3%.
AI-application plays outperformed: China Literature (00772.HK) +8%, Shenyan
Intelligent (02723.HK) +9%. Autonomous-driving names advanced, including Hesai-W
(02525.HK) +6% and Baidu (09888.HK) +4%. Other top-performing sectors were coal,
new consumption, mainland property, building materials & cement, and oil & gas;
laggards included power semiconductors, PCB, port transport, chips, OLED and
optical communications. Notable decliners: Xiyin-W (00625.HK) -9%, Hua Hong
Hongli (01347.HK) -8%.
