Hong Kong equities staged a late-session recovery on April 24, erasing earlier losses to close higher as strength in technology and semiconductor shares offset weakness in autos.
The benchmark Hang Seng Index rose 0.24% to 25,978, adding 62 points, with total turnover reaching HK$236.7 billion as investors rotated back into growth names.
The Hang Seng Tech Index also edged up 0.75% to 4,902, supported by renewed buying interest in heavyweight tech stocks.
Semiconductor maker SMIC led the blue-chip gains, surging 10% to top the index performers, underscoring continued investor appetite for China’s chip sector.
Among internet giants, Alibaba gained 1%, while Baidu rose 0.7%, helping anchor the broader tech rebound.
However, gains were capped by weakness in the auto sector. Geely Automobile and Li Auto fell 2.7% and 4.4% respectively, both hitting 10-day lows amid ongoing demand concerns.
On the mainland, sentiment remained softer. The Shanghai Composite Index slipped 0.33% to 4,079, while the Shenzhen Component Index declined 0.69% to 14,940, reflecting continued caution in A-share markets.
Despite mixed regional performance, Hong Kong’s late tech-led rebound kept the Hang Seng just shy of the 26,000-point mark as investors weighed sector rotation against broader macro uncertainty.
