Hong Kong stocks rise on tech gains; Lenovo rebounds 8 per cent
Hong Kong shares closed higher on Friday, driven by tech stocks, with the Hang Seng Index up 0.52 per cent. Lenovo rebounded 8 per cent after a sharp fall, while Kuaishou rose on its new AI video model. Mainland indices also gained.
Hong Kong shares ended higher on Friday, lifted by technology stocks, with the benchmark Hang Seng Index rising 124 points, or 0.52 per cent, to 24,186 points. Full-day market turnover reached HK$178.2 billion, according to exchange data.
The Hang Seng Tech Index advanced 1.16 per cent to 4,108 points. Lenovo rebounded 8 per cent at the close after slumping 14 per cent a day earlier, making it the best performer among blue-chip stocks.
Property developers also gained, with Longfor (0960) climbing 6.2 per cent and China Resources Land (1109) rising 3.3 per cent. Among tech heavyweights, Alibaba (9988) added 2.3 per cent, while Tencent (0700) closed flat.
Kuaishou (1024) once jumped over 6 per cent before closing 2.5 per cent higher, as the company released its latest video generation model, Kling 4.0.
On the mainland, the Shanghai Stock Exchange Composite Index rose 0.95 per cent to 3,742 points, and the Shenzhen Stock Exchange Component Index increased 1.19 per cent to 11,957 points.