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After a modest dip in the morning session, Hong Kong's three major stock indices staged a rebound, with the Hang Seng Index advancing 0.25% to hit an intraday peak of 25,120 points—a fresh high not seen since April. Near the lunch break, high-speed rail infrastructure stocks surged notably, led by China Communications Construction with an 8.6% jump, and both China Railway Construction and CRRC Corporation registering gains of over 5%. Semiconductors, gold, and power equipment sectors also exhibited robust performance. Among large-cap technology stocks, there was a divergence in trends: Kuaishou, Baidu, and Tencent registered modest gains, whereas Meituan dipped nearly 2%. Building materials and cement stocks were mixed, with Huaxin Cement declining by more than 11%. Furthermore, Apple-related stocks, mainland bank stocks, and airline stocks generally declined.
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