By midday, the Hang Seng Index (HSI) stood at 24,148, gaining 260 points, or 1.09%, within a day’s trading range of 23,899.60 to 24,159.01. The index is now nearing the upper end of its 52-week range of 16,441.44 to 24,874.39.
The Hang Seng China Enterprises Index (HSCEI), which tracks major Chinese companies listed in Hong Kong and serves as a proxy for mainland investor sentiment, was up 100.12 points, or 1.16%, trading at 8,708.66.
Meanwhile, the Hang Seng TECH Index jumped 96.39 points, or 1.84%, to 5,325.95, supported by renewed interest in tech stocks amid easing global trade risks. The broader Hang Seng Composite Index also advanced, rising 36.67 points, or 1.03%, to 3,612.97, reflecting gains across a wide range of sectors.
Market participants attributed the uptick to expectations that the new US tariffs would shift trade and supply chain flows, possibly favoring Hong Kong and Chinese companies in specific industries. Tech, industrials, and consumer sectors led the gains in early trade.
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