The Hang Seng Index advanced 1.3 per cent to 24,806.48 at 9.50am local time, the highest level since February 2022. The Hang Seng Tech Index added 1.8 per cent. On the mainland, the CSI 300 Index rose 0.6 per cent, while the Shanghai Composite Index gained 0.3 per cent.
E-commerce leader Alibaba Group Holding rose 2.8 per cent to HK$115.70 and peer JD.com gained 3.3 per cent to HK$128.60. Online game operator NetEase added 1.6 per cent to HK$211.40, while food delivery platform Meituan increased 1.8 per cent to HK$127.70.
Electric-vehicle maker Li Auto fell 0.5 per cent to HK$123.50, while peer Geely Automobile Holdings dropped 0.2 per cent to HK$18.98. Smartphone and electric-vehicle maker Xiaomi slid 0.2 per cent to HK$56.
Overnight in the US, the S&P 500 added 0.5 per cent and the Nasdaq Composite advanced 0.8 per cent to close at fresh record highs, lifted by robust economic data and upbeat corporate earnings that underscored resilient consumer spending. Retail sales rose in June, while unemployment fell for a fifth consecutive week to the lowest level since mid-April.
Other major markets in the Asia-Pacific region were mixed. Australia’s S&P/ASX 200 added 0.8 per cent, South Korea’s Kospi eased 0.4 per cent, while Japan’s Nikkei 225 was little changed.
