Hong Kong equities closed higher. The Hang Seng Index rose 1.28% and the Hang
Seng Tech Index gained 0.65%. Heavy-equipment names led gains: China National
Heavy Duty Truck (03808.HK) +10%+, Zoomlion (01157.HK) +3%+. Power-equipment
stocks rebounded: Goldwind (02208.HK) +5%+, GCL Technology (03800.HK) +3%+,
Harbin Electric (01133.HK) +3%+. Conch Cement (00914.HK) +3%+. Metals initially
spiked then eased: Ganfeng Lithium (01772.HK) +9%+, TTANQT LITHIUM (09696.HK)
+6%+. Chinese brokers, domestic banks, lithium-battery names, logistics, NEVs,
appliance makers, gas and commercial aerospace were also among the top sector
performers. Semiconductor names fell; Huahong Grace (01347.HK) slid >7%, while
media, OLED and mobile-supply-chain stocks weakened. AI-related names showed
pockets of strength — Xunce (03317.HK) +13% — and Meituan (03690.HK) recovered
to finish +4%+.