Hong Kong stocks rose to the highest in more than four months after Beijing delivered its strongest endorsement of the private sector, fuelling bets on further gains in this year’s tech rally following DeepSeek’s breakthrough.
The Hang Seng Index climbed 2.1 per cent to 23,080.23 at the local noon trading break on Tuesday, a level not seen since October 7. The Tech Index surged 3 per cent. The CSI 300 Index, which tracks the biggest stocks listed in Shanghai and Shenzhen, climbed 0.4 per cent, while the Shanghai Composite Index advanced 0.3 per cent.
E-commerce leader Alibaba Group Holding jumped 4.3 per cent to HK$127.50, and WeChat operator Tencent Holdings added 3.4 per cent to HK$510.50. Smartphone maker Xiaomi rallied 5.9 per cent to HK$47.80, while carmaker Li Auto advanced 4.1 per cent to HK$104.70.
Top lender HSBC gained 1.7 per cent to HK$86.95 before reporting its earnings on Wednesday. Geely Auto jumped 5.2 per cent to…
