Hang Seng Index Gains Near 2%; Mengniu Dairy Jumps Over 8% to One-Year High

The breadth of the move is the story here: a dairy staple like Mengniu leading alongside platform and consumer-tech names like Meituan, Pop Mart and Xiaomi suggests the bid is rotating across sectors rather than concentrating in one theme. That kind of broadening is often read as a shift in sentiment toward Hong Kong consumer exposure, though a single session says little about durability. Whether the gains hold once the large-cap leaders cool, and whether Mengniu can sustain its run near the one-year high, are the open questions worth watching.