Hang Seng Index Closes Up 0.23%, Hang Seng Tech Index Gains 1.4%

The divergence between the broad Hang Seng and the tech sub-index is the real signal here: the gains are concentrated in a handful of tech and healthcare names rather than spread across the market, with double-digit moves in Manycore Tech, Hengrui and AAC doing much of the work. That kind of narrow leadership suggests stock-specific catalysts rather than a broad shift in sentiment toward Hong Kong equities. Whether the strength broadens beyond these outliers, or fades once the individual movers run their course, is the open question worth watching.