Hong Kong stocks close: Hang Seng up 0.42%, Hang Seng Tech up 2.25%

The divergence between the broad Hang Seng and the tech gauge is the telling detail: the rally is concentrated in a handful of tech and new-listing names rather than the wider market. That breadth, or lack of it, matters for anyone tracking Hong Kong as a listing venue for mainland tech and AI-adjacent companies, since single-stock moves like Horizon Robotics and CATL can flatter the index without signalling broader demand. Whether the tech gauge's outperformance broadens beyond these few names is the open question.