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On March 16, the Hong Kong Hang Seng Index concluded the trading session with a 1.45% increase, settling at 25,834.02 points. Meanwhile, the Hang Seng Tech Index experienced a more pronounced rise, climbing 2.69% to reach 5,111.78 points. This surge was propelled by a collective rebound in major tech stocks, with Xiaomi Corporation leading the charge with a gain exceeding 5%. Meituan followed suit, posting a rise of over 3%, while Tencent also contributed to the positive momentum with a more than 2% increase. The semiconductor sector demonstrated notable strength, with GigaDevice soaring over 18%, Montage Technology advancing nearly 8%, and Hua Hong Semiconductor rising more than 7%. The majority of new consumer stocks also witnessed upward movement, with Pop Mart and Anta Sports among the notable gainers, although Laopu Gold experienced a minor dip.
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