Tech lifts HK stocks to third day of gains, four-month high

Hong Kong stocks rose for a third consecutive session, boosted by tech shares, gaining 388 points to hit the highest level in over four months.

The benchmark Hang Seng Index closed 1.8 percent higher at 21,521, marking a three-day gain of 924 points. Total market turnover for Monday reached HK$242.49 billion.

The Tech Index gained 136 points, or 2.6 percent, to close at 5,286.

China Telecom (0728) rose 4.27 percent, China Mobile (0941) climbed 2.19 percent, and China Unicom (0762) gained 2.16 percent. The three major Chinese telecom operators had recently unveiled access to China’s artificial intelligence startup DeepSeek’s models on their platforms.

Tech stocks performed strongly. Alibaba (9988) jumped 5.5 percent, Tencent (0700) rose 2.06 percent, Meituan (3690) surged 5.58 percent, Xiaomi (1810) gained 3.06 percent, JD.com (9618) climbed 2.8 percent, and Kuaishou Technology (1024) went up 2.92 percent.

Mainland stocks also gained. The Shanghai Stock Exchange Composite Index rose 0.56 percent to close at 3,322 points while the Shenzhen Stock Exchange Composite went up by 0.52 percent to 10,631.

STAFF REPORTER