Hang Seng opened strong—up nearly 200 points and topping a >2% intraday gain—before trimming advances; at midday HSI +1.19% at 23,154.41, Hang Seng Tech Index +0.62% at 4,499.91. Market turnover HK$213.387 billion. Autos and gold stocks led gains; AI-application names pared earlier strength and innovative-drug names were active. Semiconductors and optical-communications hardware slumped on overseas headlines. Notable movers: BYD Company (01211.HK) +8.76%, China Gold International Resources (0209

Hang Seng opened strong—up nearly 200 points and topping a >2% intraday gain—before trimming advances; at midday HSI +1.19% at 23,154.41, Hang Seng Tech Index +0.62% at 4,499.91. Market turnover HK$213.387 billion. Autos and gold stocks led gains; AI-application names pared earlier strength and innovative-drug names were active. Semiconductors and optical-communications hardware slumped on overseas headlines. Notable movers: BYD Company (01211.HK) +8.76%, China Gold International Resources (02099.HK) +14.37%, Jiangsu Hengrui Medicine (01276.HK) +3.11%, Zhipu (02513.HK) -14.78%, GigaDevice Semiconductor (03986.HK) -14.39%, SMIC (00981.HK) -8.89%.