Hong Kong Shares Advance on Tech Strength

2026-07-23 02:10 By Nicole Aliyah 1 min. read

The Hang Seng Index climbed 0.6%, or 146 points, to 25,035 on Thursday, rebounding from the previous session's losses as technology stocks led the market higher.

The rally was primarily driven by renewed buying in technology shares after recent profit-taking, with investors remaining optimistic about the long-term growth prospects of artificial intelligence and semiconductor-related companies.

Sentiment was further supported by continued fundraising activity among Chinese technology firms in Hong Kong, highlighting strong investor demand for AI and chipmakers despite recent market volatility.

The market also drew support from positive corporate news after Cathay Pacific projected a significantly stronger first-half profit, fueled by resilient passenger travel and cargo demand.

Notable gainers included Tencent (1.8%), Lenovo (6.6%), Z.Ai Co (3.7%), Kingboard Laminates (6.0%) and AIA (1.4%).



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Hong Kong Shares Advance on Tech Strength
The Hang Seng Index climbed 0.6%, or 146 points, to 25,035 on Thursday, rebounding from the previous session's losses as technology stocks led the market higher. The rally was primarily driven by renewed buying in technology shares after recent profit-taking, with investors remaining optimistic about the long-term growth prospects of artificial intelligence and semiconductor-related companies. Sentiment was further supported by continued fundraising activity among Chinese technology firms in Hong Kong, highlighting strong investor demand for AI and chipmakers despite recent market volatility. The market also drew support from positive corporate news after Cathay Pacific projected a significantly stronger first-half profit, fueled by resilient passenger travel and cargo demand. Notable gainers included Tencent (1.8%), Lenovo (6.6%), Z.Ai Co (3.7%), Kingboard Laminates (6.0%) and AIA (1.4%).
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The Hang Seng Index traded flat to close at 25,132 on Tuesday as investors remained on the sidelines ahead of Hong Kong's inflation data due later in the day. Market participants continued to monitor escalating hostilities in the Middle East, which lifted oil prices and renewed concerns over inflation and the prospect of further interest rate hikes. The downside was limited as investors continued to draw support from Beijing's recent efforts to stabilize the stock market. Optimism was also aided by signs of improving conditions in Hong Kong's commercial property market after a major office tower owned by CK Asset Holdings, controlled by Li Ka-shing, began attracting tenants following a prolonged period of low occupancy. Among notable movers were Z.AI Co. (36.9%), Kingboard Laminates (12.3%), Semiconductor Manufacturing Corporation (8.2%), Shanghai Iluvatar CoreX (12.1%), and Lenovo (8.5%).
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