港股收盤，恆指收漲2.99%，科指收漲4.97%。大模型概念、科技股大漲，智譜(02513.HK)漲超13%，商湯(00020.HK)、阿里巴巴(09988.HK)、MINIMAX-W(00100.HK)漲約12%，小米集團(01810.HK)漲9.5%。

Hong Kong stocks opened higher and extended gains; Hang Seng Tech Index rose more than 3% and the Hang Seng Index gained 1.87%. Tech and compute names led the advance: Zhipu (02513.HK) +9%, Lenovo Group (00992.HK) rose more than 8%, Kuaishou (01024.HK) +5.4%.

After NATO agreed to raise defense spending to 5% of GDP by 2035, Chancellor MERZ said Germany will hit the target well ahead of 2029. The cabinet-approved budget lifts core defense spending in 2027 by nearly one-third to EUR109.7bn (USD125.3bn) and includes about EUR118.7bn of new borrowing in next year’s core budget. The move ends Germany’s post‑war fiscal restraint, overrides constraints such as the debt brake, and marks a turning point for global macro re-pricing of European sovereign risk and onshore manufacturing supply chains amid US troop drawdowns from Europe and rising US–Iran tensions.