Hong Kong Stocks Rise as Tech Sector Leads Gains Amid Geopolitical Hopes

Hong Kong's stock market showed mixed performance during the week, with notable strength in the technology sector and overall gains in major indices like the Hang Seng and China Enterprises Index. The Hang Seng Index rose by 3.62% over the week, supported by robust inflows of southbound capital and strategic interest from institutional investors, while the Hang Seng Tech Index increased over 5%. Key gainers included Minmetals Land, which surged sharply due to a privatization proposal, and robotics firms like Ubtech Robotics, which benefited from new product launches and significant orders. However, the market also experienced volatility linked to geopolitical concerns and upcoming meetings between U.S. President Donald Trump and Chinese President Xi Jinping, with some profit-taking in tech stocks driven by uncertainties around export restrictions and policy directions from China's Communist Party plenum. Although some stocks like Pop Mart and Kuaishou Tech faced declines amid cautious sentiment and sector rotation, investors remained optimistic about medium- to long-term prospects given the current undervaluation and expected stabilization from diplomatic engagements. Overall, Hong Kong equities were influenced by a combination of strong sector-specific gains, geopolitical developments, and cautious investor sentiment ahead of key economic data and policy meetings.