Tech shares continue to lift HK, mainland markets

Hong Kong and mainland stocks rose in the morning session, with China’s growing artificial intelligence capabilities boosting optimism in the market.

The Hang Seng Index rose 489 points or 2.24 percent to 22,303 points at noon. The midday market turnover was up 4.7 percent compared to the previous day, reaching HK$163.7 billion.

The Hang Seng China Enterprises Index gained 195 points or 2.44 percent to 8,197 points, while the Tech Index closed at 5,395 points, up 3.07 percent.

Tech stocks continued to perform well in the morning. Tencent (0700) rose 4.34 percent, Alibaba (9988) gained 2.74 percent and Meituan (3690) advanced 4.38 percent. Xiaomi (1810) increased 4.68 percent, JD.com (9618) went up 4.95 percent and Kuaishou Technology (1024) climbed 4.73 percent.