Hong Kong Stocks Rise on Healthcare and Tech Gains

The Hang Seng Index rose 1.1%, or 282 points, to 25,791 on Wednesday, following gains on Wall Street overnight as technology stocks rebounded, while easing crude oil prices and lower US Treasury yields offered some support to Asian equities, although uncertainty surrounding US-Iran developments kept investors cautious. The rise was led by healthcare stocks, with Innovent Biologics climbing 10.5%, while broader sentiment was also supported by gains in tech shares. Meanwhile, Alibaba was also in focus after Chairman Joe Tsai bought an additional 720,000 shares worth about HK$82 million, following recent purchases by other senior executives. The buying helped ease concerns over the company’s HK$80 billion share placement to fund its AI expansion, which is expected to close on Wednesday. Notable movers included Tencent (1.0%), Wuxi Biologics (2.1%), Xiaomi (2.0%), Meituan (2.3%), and Akeso (7.4%).






