On October 16, the Hong Kong stock market opened with the Hang Seng Index rising 1.08% to 24,321.45 points and the Hang Seng TECH Index climbing 1.59% to 4,125.44 points. The technology and optical communication sectors led the gains, with Cambridge Industrial Technology surging over 5%, Zhiji Sunshine Communication Tech rising over 4%, and Alibaba, Baidu Group, and Kuaishou increasing over 2%. The electrical equipment sector was among the decliners, with Contemporary Amperex Technology falling over 2%.
