The Hang Seng Tech Index expanded its intraday gain to 3 percent on Friday, led by MINIMAX and Horizon Robotics, each advancing more than 7 percent. The surge reflects investor enthusiasm for AI and autonomous-driving technology names listed in Hong Kong.
The Hang Seng Tech Index surged 3 percent intraday Friday as MINIMAX and Horizon Robotics each rallied more than 7 percent, extending a tech-led rebound in Hong Kong equities.
The advance came as the broader Hang Seng Index climbed 302 points, or 1.19 percent, to 25,515, snapping a four-session losing streak. The China Enterprises Index rose 1.14 percent to 8,481, while the Technology Index had earlier gained 1.46 percent to 4,533 before accelerating to the 3 percent intraday level.
Tencent Holdings advanced 2.1 percent, Alibaba gained 1.8 percent, JD.com rose 2.5 percent and Meituan added 1.3 percent, contributing to the tech-led advance. Financial names also provided support, with HSBC Holdings up 1.5 percent and AIA Group climbing 2.2 percent. MINIMAX, an artificial-intelligence model developer, and Horizon Robotics, a maker of autonomous-driving chips, led the sector's surge.
The sharp gains in MINIMAX and Horizon Robotics point to sustained investor appetite for Hong Kong-listed companies at the intersection of artificial intelligence and robotics. The broader market's recovery from four consecutive sessions of declines suggests improving risk appetite across Hong Kong-listed equities, with the tech-led advance supported by financial names. Traders will watch whether the HSTECH holds its 3 percent gain through the afternoon session and whether momentum extends to related mainland tech equities in the coming sessions.
This article is for informational purposes only and does not constitute investment advice.
