Hang Seng Tech Index climbs 4.6%, Hang Seng up 2.9%

The scale of the tech index's outperformance over the broader benchmark points to a concentrated bid for growth names rather than a uniform Hong Kong risk-on move, which matters for anyone tracking how narrowly or broadly sentiment is running. The session's magnitude also makes follow-through the key test: whether this strength holds into the next session or fades as a single-day squeeze is the open question. With no catalyst disclosed here, the durability of the move rests on flows rather than fundamentals.