The Hang Seng Index rose 230 points, or 0.9%, to 25,625 on Tuesday, extending the previous session’s gains as technology shares advanced on sustained optimism over artificial intelligence–related investments. The move higher followed fresh record closes on Wall Street overnight, underpinned by strength in major US technology stocks.
Sentiment in Hong Kong remained cautious, with investors weighing renewed uncertainty over US–Iran peace negotiations and the potential implications for global risk appetite. At the same time, market participants closely tracked the local property sector after reports suggested that tighter mainland Chinese controls on overseas capital transfers could dampen demand from affluent mainland buyers and possibly slow the recent surge in Hong Kong real estate transactions.
Among notable gainers were Tencent (+0.5%), Lenovo (+3.5%), Meituan (+4.4%), Semiconductor Manufacturing International (+1.6%), and Meitu (+2.4%).
