24.04.202606:31:16UTC+00Hong Kong Shares Edge Higher on Tech-Led Recovery

The Hang Seng Index climbed 82 points, or 0.3%, to close at 25,995 on Friday, rebounding from early-session losses as bargain hunters returned to technology and semiconductor counters. This renewed buying interest helped counter initial caution linked to geopolitical risks.

Market sentiment improved over the course of the day, underpinned by growing optimism around artificial intelligence. DeepSeek’s latest model performance bolstered confidence in China’s AI advancement and reinforced expectations for stronger demand for domestically produced computing hardware.

In Hong Kong, Huahong Semiconductor and SMIC posted standout gains, rising 13% and 9%, respectively, highlighting intensified interest in chipmakers. The sector-led turnaround helped steady the broader market after a weak opening, with strength in technology and semiconductor shares providing the primary support despite lingering concerns over Middle East tensions and their potential implications for global risk appetite and energy prices.

Other notable movers included Lenovo Group, up 3.95%, Xiaomi, up 0.2%, and Guoxia Technology, which surged 31.3%.