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After last week's >1,200-point drop, the Hang Seng opened slightly higher and climbed through the day, closing up 1.57% at 23,026.68, staying above 23,000 with an intraday gain of over 500 points; Hang Seng TECH rose 3.23% to 4,393.01. Market turnover was HKD 315.38 bln (previous session HKD 342.10 bln). Sector drivers: innovative drugs and biotech led gains, robotics and internet names outperformed, semiconductors strengthened in the afternoon; electronic components and liquid-cooling equipment underperformed. Notable movers: new listing 02672.HK +367.95%, 02617.HK +39.78%, Jiangsu Hengrui Medicine (01276.HK) +9.82%, SMIC (00981.HK) +6.00%, Baidu (09888.HK) +5.62%; Lenovo Group (00992.HK) -9.22%, 02476.HK -4.79%, Yangtze Optical Fibre & Cable (06869.HK) -4.47%.

Spain's economy ministry says the government now forecasts 2026 GDP growth of 2.6%, revised up from 2.2%.