Hang Seng TECH Index rose by 1.17%, Baidu surged over 9%, Alibaba increased by over 4%
Hong Kong stocks continued to rise in the afternoon, with the Hang Seng Index closing up 0.85% and the Hang Seng TECH Index closing up 1.17%. Technology stocks saw widespread gains, with Baidu rising over 9%. Luobo Kuaipao's second-quarter commercial travel orders achieved a year-on-year growth of 148%, demonstrating a clear leading advantage in the global autonomous driving market; Horizon Robotics rose over 7%, and Alibaba rose over 4%; Pop Mart fell over 7%, with an intraday drop of nearly 8.9%, marking the largest decline in five months
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