Hang Seng Index Extends Gain to 1%, China Life Up Over 6%

Insurance leadership in a broad Hong Kong rally is the detail worth noting: China Life's outsized move suggests the sector is being repriced rather than merely carried by index flows, which matters for a market where financials carry heavy weight. The durability question is whether this is a one-session rotation or the start of sustained interest in Chinese insurance names. Whether the breadth holds beyond financials is the open question.