Several Hong Kong AI-related stocks rallied: Qunhe Technology (00068.HK) up over 15%; Xinzhi Holdings (02166.HK) up over 4%; NetEase-S (09999.HK) up over 3%; Meitu (01357.HK) up over 2%.

Despite this year’s volatility, private fund demand for ETFs remains strong. Data from private fund tracker Simuwang show that as of Oct 25, 2026, 151 private fund managers and products appear among the top-10 holders of 207 newly launched ETFs this year, holding a combined 2.325 billion units. By theme, Hong Kong stocks and sci‑tech innovation ETFs have drawn the most private capital. Forty-two private managers and products hold stakes in 30 newly issued ETFs with Hong Kong or Hang Seng in the name, totaling 336 million units, or 14.45% of private holdings in new ETFs. Thirteen Hong Kong-themed ETFs — including ICBC Hong Kong Stock Connect Medical ETF, Bosera Hang Seng Hong Kong Stock Connect ETF and Guolian Hang Seng Hong Kong Stock Connect Technology ETF — each have private holdings above 10 million units.

据巴西高等选举法院25日晚公布的计票结果，巴西现任总统卢拉以超3.5个百分点的意外领先优势成功击败前总统之子弗拉维奥。