Hang Seng Tech Index rises 2.1% to 5,792.25

Hang Seng Tech Index rises 2.1% to 5,792.25

The Hang Seng Tech Index (HSTI) experienced a notable surge on Thursday, July 2, 2025, rising by 2.1% to close at 5,792.25 points. This upward movement follows a significant dip earlier in the day, reflecting a broader optimism in the technology sector, particularly in the area of artificial intelligence [1].

The Hang Seng Index (HSI), which also saw a 0.8% increase, closed at 25,317 points. This rebound was partly due to renewed optimism in mainland Chinese markets, which hit a decade high on tech-related news [1].

Notable gains within the Hang Seng Tech Index include:
- SMIC (9.7%): The semiconductor manufacturer saw a substantial increase, reflecting the broader trend of domestic semiconductor development [1].
- BYD Electronic (5.9%): The electric vehicle (EV) and battery technology company also performed well, benefiting from the growing demand for clean energy solutions [1].
- Horizon Robotics (4.9%): This company, specializing in AI and robotics, saw a significant rise, driven by the ongoing advancements in AI technology [1].
- Kuaishou Tech (4.3%): The social media platform experienced a substantial increase, likely due to its integration with AI features [1].
- Xiaomi Corp. (2.1%): The smartphone and consumer electronics giant saw a moderate gain, indicating sustained interest in the tech sector [1].

The Hang Seng Index's resilience is further supported by the inclusion of technology stocks like Xiaomi Group and JD.com, which have shown strong performance in recent weeks [1]. Additionally, the upcoming addition of Mirxes to the Hang Seng Composite Index is expected to enhance liquidity and visibility for the biotech firm, potentially drawing more investors to the Hong Kong market [2].

Overall, the Hang Seng Tech Index's performance reflects the growing confidence in the technology sector, particularly in AI and semiconductor technologies. This trend is likely to continue as investors anticipate further technological advancements and market opportunities.

References:
[1] https://www.ainvest.com/news/hang-seng-tech-index-turns-positive-earlier-dip-1-2508/
[2] https://www.businesstimes.com.sg/companies-markets/singapore-headquartered-mirxes-join-alibaba-tencent-hang-seng-composite-index