Hong Kong Stocks Close Higher; Hang Seng Up 1.67%, Tech Index Up 1.77%

The leadership here is telling: chip names, biotech and gold miners moving together points to a risk-on session with a defensive hedge layered in, rather than a single-sector bounce. Hua Hong's outsized move and the double-digit gains across Wuxi Biologics, WuXi AppTec and BeiGene suggest money is rotating back into the growth and export-facing names that have been most sensitive to sentiment. Whether gold miners keep pace alongside tech is the interesting tell — simultaneous strength in both usually signals conviction is still fragile.