The Hang Seng Index opened 204 points, or 0.88%, higher at 23,238 points this morning. The National Enterprises Index climbed by 69 points, or 0.81%, to reach 8,568 points, while the Technology Index increased by 64 points, or 1.13%, to 5,763 points. At 10.10am, the Hang Seng Index was trading at 23,521.59, up by 487.57 points or 2.12%.
In the tech sector, notable gains were seen with Tencent rising by 0.6%, Alibaba by 1.3%, Meituan by 1.5%, Xiaomi by 1.9%, JD.com by 1.8%, and Kuaishou by 0.2%.
Financial stocks remained stable, with HSBC Holdings up by 2.1%, AIA Insurance gaining 0.5%, Ping An increasing by 0.3%, and the Hong Kong Stock Exchange rising by 0.1%.
Chip stocks also saw positive movement, with SMIC rising by 3.3% and Hua Hong Semiconductor up by 2%.

(Hong Kong) On Tuesday, 25th February, the Hong Kong stock market experienced a decline of 307 points, while U.S. stocks showed mixed results, with the Nasdaq dropping 260 points and the Dow Jones rising by 159 points. In the Asia-Pacific region, Japanese markets fell by over 400 points, losing the critical 38,000-point mark once again. Meanwhile, Financial Secretary Paul Chan is set to announce a new budget around 11am today.

As of 10.22am today, the Hang Seng Index surged by 529.30 points, or 2.30%, bringing it to 23,563.32. The index's increase has now exceeded 500 points, with the latest report at 23,545, reflecting a gain of 511 points. The National Enterprises Index rose by 190 points to 8,689, while the Technology Index climbed by 165 points to 5,864.

Consumer and domestic demand stocks are leading the charge, with Budweiser Brewing Company APAC soaring by 10.8% and Nongfu Spring increasing by 6.8%. Technology stocks also attracted attention, with Alibaba rising by 3.8% to reach 135.6.

Source: Dimsumdaily.HK