Hang Seng Edges Higher as Tech Shares Lead

2026-09-16 02:11 By Nicole Aliyah 1 min. read

The Hang Seng Index rose to 0.2%, or 47 points, to close at 24,713 on Wednesday, led by tech shares, but gains were capped as investors held back from large bets ahead of the U.S.

Federal Reserve's policy decision later in the day.

Sentiment was pressured by elevated US Treasury yields, with the 10-year yield having briefly breached 5% in the previous session, while a stronger US dollar also weighed on Asian risk assets.

Technology stocks provided support, with the Hang Seng Tech Index rising 0.9% by midday.

Zhipu AI surged more than 8%, ending an 11-session losing streak, while MiniMax, SMIC and Hua Hong Semiconductor gained more than 5% to 7%, meanwhile Xiaomi (-1.5%), Kuaishou (-1.7%) and Akeso (-3.9%) declined.

In the region, reports highlighted a potential US$2.6 billion financing for Hong Kong data-center development, reflecting growing investment in the city's AI and digital-infrastructure sector.



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Hang Seng Edges Higher as Tech Shares Lead
The Hang Seng Index rose to 0.2%, or 47 points, to close at 24,713 on Wednesday, led by tech shares, but gains were capped as investors held back from large bets ahead of the U.S. Federal Reserve's policy decision later in the day. Sentiment was pressured by elevated US Treasury yields, with the 10-year yield having briefly breached 5% in the previous session, while a stronger US dollar also weighed on Asian risk assets. Technology stocks provided support, with the Hang Seng Tech Index rising 0.9% by midday. Zhipu AI surged more than 8%, ending an 11-session losing streak, while MiniMax, SMIC and Hua Hong Semiconductor gained more than 5% to 7%, meanwhile Xiaomi (-1.5%), Kuaishou (-1.7%) and Akeso (-3.9%) declined. In the region, reports highlighted a potential US$2.6 billion financing for Hong Kong data-center development, reflecting growing investment in the city's AI and digital-infrastructure sector.
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