On October 23, 2025, the Hong Kong stock market experienced a notable late-afternoon resurgence, with all three key indices rebounding from earlier losses to post gains exceeding 1%. By the market's close, the Hang Seng Index had advanced 0.72%, reaching 25,967 points. The H-shares Index followed suit, climbing 0.83% to re-establish itself above the 9,300-point threshold, while the Hang Seng Tech Index added 0.48%, settling at 5,951 points. In terms of market activity, prominent large-cap technology stocks staged a turnaround in the afternoon session, accompanied by a synchronized rally among major financial institutions. Additionally, Macau gaming stocks exhibited robust momentum. Conversely, Apple concept stocks languished throughout the day, weighed down by softer-than-anticipated demand for the iPhone Air. Similarly, biopharmaceutical stocks underperformed, reflecting a broader trend of weakness in the sector.