Hong Kong stocks gain 55 points by midday

Hong Kong stocks rebounded on Wednesday, while southbound trading flows from mainland China surged.

The Hang Seng Index rose 0.22 percent, or 55 points, to 25,291 by midday, with market turnover reaching HK$84.8 billion. The China Enterprises Index gained 0.27 percent to 8,781, while the Hang Seng Tech Index edged up 0.02 percent to 5,403.

Within the tech index, 14 constituents advanced and 16 declined. Hua Hong Semiconductor (1347) led the gainers, rising 1.58 percent to HK$67.35, while XPeng (9868) was the biggest laggard, sliding 1.93 percent to HK$71.

Southbound Stock Connect flows recorded a net inflow of HK$1.95 billion, up nearly 23-fold from the previous session, marking a third consecutive day of net buying.

In Chinese mainland, the Shanghai Composite Index rose 0.17 percent to 3,831 by midday, while the Shenzhen Component Index climbed 0.83 percent to 13,021.