Hang Seng Index Up 3.09% at Midday Break; Hang Seng Tech Index Rises 4.79%

36Kr reports that the Hang Seng Index gained 3.09% and the Hang Seng Tech Index climbed 4.79% at the midday break, with major tech internet stocks rallying collectively. Meituan surged over 8%, while Xiaomi Group, NetEase, and Alibaba rose more than 7%. Tencent Holdings and JD.com jumped over 5%. Retail and automotive sectors led gains, with Li Auto up over 8% and Guoqian rising more than 2%. Conversely, oil & gas, coal, and semiconductor sectors posted the largest declines; Lanqi Technology fell over 6%, CNPC dropped more than 3%, and China Shenhua declined over 2%. Southbound funds saw an outflow of HK$4.964 billion.