Hong Kong Stocks Edge Higher on Tech Gains

The Hang Seng Index edged up about 0.1% to 25,592 on Friday as strong global technology sentiment following Nvidia’s upbeat earnings and outlook provided support, while investors awaited Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium later in the day. Nvidia’s results reinforced expectations for robust AI infrastructure demand, supporting Hong Kong’s tech-heavy market despite concerns over the sustainability of AI spending. Meanwhile, caution ahead of Warsh’s speech kept investors focused on clues about the Fed’s rate outlook. Among stocks, Meituan was also in focus ahead of its second-quarter results due later in the day, with investors watching margins amid intense competition and subsidies following its third consecutive quarterly loss in Q1. Tencent (1.7%), Kingboard Laminates (3.8%), MiniMax (3.1%), AIA Group (1.5%), and Xiaomi (1.5%) gained, while Akeso (-7.5%), Meituan (-0.9%), and Dongyue Group (-1.2%) declined.




