Hong Kong stocks closed higher after an intraday rally faded: the Hang Seng
Index rose 0.5% and the Hang Seng Tech Index gained 1.28%, with turnover at HKD
283.35 bln. The market opened about 283 points higher and peaked at 25,047
before pulling back to a low of 24,796. Recently listed AI names, PCB concept
and semiconductor stocks led gains; computer equipment, precious metals and
optical-communications sectors also outperformed. Oil & gas, coal and aluminum
names softened, while domestic retail, tea chains, education and sporting-goods
stocks lagged. Notable moves: 06658.HK +193% on debut; 02513.HK +32.5%; 01729.HK
and 01888.HK both >22%. Major decliners included 02600.HK -8.5%, 02688.HK -6.5%
and 01088.HK -5%.
