Hong Kong Stocks Close Higher; Hang Seng Up 0.37%, Tech Index Up 0.1%

The headline index moves are modest, but the dispersion underneath is the real story: double-digit gains in biotech names alongside a far softer tech index suggest leadership is rotating rather than broad-based. That the large-model names only managed mid-single-digit rebounds reinforces the point — this looks like selective positioning, not a wholesale risk-on shift. Whether biotech strength persists independently of the broader tape is the open question.