The Hang Seng Index rose 1.5 per cent to 25,583.62 as of 11.13am local time. The Hang Seng Tech Index gained 1.9 per cent.
On the mainland, the CSI 300 Index slid 0.5 per cent and the Shanghai Composite Index retreated 0.3 per cent.
The risk-off mood that spurred an exodus from risk assets including bitcoin and tech stocks last week eased after Federal Reserve governor John Williams flagged his support for an interest-rate cut this month, a comment that should help support the lofty valuations of the so-called Magnificent Seven US tech titans. The possibility of a 25-basis-point cut at the Fed’s policy meeting on December 11 rose to 69.4 per cent from 44.4 per cent a week ago, according to the CME Group.
Sentiment also got a fillip after a media report said that the US government was mulling allowing Nvidia to resume supply of its most advanced artificial-intelligence chips to China. Lifting the ban would boost the business prospects of Nvidia, which beat estimates in its quarterly results last week.
