Hang Seng Index futures close up 0.25% at 23,345

The split between a firmer benchmark contract and a slightly softer tech contract suggests the move is not a broad risk-on signal but a rotation within Hong Kong equities, with the index's traditional constituents doing the lifting while growth names lag. That divergence matters most for traders using futures to hedge or express sector views, since index-level strength can mask weakness in the tech-heavy segment. Whether the tech contract re-converges with the main index or continues to underperform is the open question.