On the afternoon of August 26, Hong Kong's three major indices extended gains. As of press time, the Hang Seng Index rose 0.83% or 211.65 points to 25,722.75, at one point approaching the 25,800 level; the Hang Seng China Enterprises Index gained 1.38% to 8,562.24; and the Hang Seng TECH Index advanced 1.35% to 4,650.46. Half-day turnover approached HK$140 billion.

On the sector front, tech stocks broadly strengthened, with Xiaomi surging over 3% to lead blue chips. Insurance and brokerage names staged a collective breakout, as ZhongAn Online soared nearly 12% and CICC jumped over 8%. New energy power stocks were also active, with Goldwind Science & Technology climbing over 8%. On the downside, Beijing Enterprises Water Group tumbled over 14%, while WuXi Biologics fell nearly 3%, dragging select utilities and pharmaceutical names lower.

Tech Stocks Broadly Higher; Xiaomi Up Over 3%, Leading Blue Chips

As of press time, Xiaomi Corporation-W (01810.HK) rose over 3% to HK$28.68; Alibaba Group-W (09988.HK) gained nearly 2% to HK$116.10; Kuaishou Technology-W (01024.HK) added over 2% to HK$32.10; and Tencent Holdings (00700.HK) edged up 0.54% to HK$368.00.

On the news front, Alibaba launched the international version of "Qwen Office," extending its all-in-one AI office agent platform to global markets with a focus on Asia, the Middle East, and Latin America, currently open for beta testing in English and simplified Chinese. In addition, market sources indicate that Jack Ma recently increased his stake in Alibaba, lending support to the share price. Xiaomi surged more than 4% at one point in the morning session, serving as the primary contributor to the HSI's half-day gains.

Insurers and Brokers Stage Collective Breakout; ZhongAn Online Surges Nearly 12%

As of press time, ZhongAn Online P&C Insurance (06060.HK) soared nearly 12% to HK$12.20; CICC (03908.HK) jumped over 8% to HK$22.26; CITIC Securities (06030.HK) climbed over 5% to HK$27.44; and China Pacific Insurance (02628.HK) gained over 4% to HK$29.40.

Among the 15 listed brokerages that have reported interim results so far, 10 have unveiled dividend plans with total payouts nearing RMB 17 billion, while the sector's low valuations are drawing institutional interest. ZhongAn Online's interim net profit surged 132.2% year-on-year, with the stellar results propelling its shares sharply higher. CITIC Securities raised its dividend per share by 47.2% year-on-year, also garnering market approval.

New Energy Power Stocks Active; Goldwind Jumps Over 8%

As of press time, Goldwind Science & Technology (02208.HK) surged over 8% to HK$10.11; CGN Power (01816.HK) gained over 6% to HK$3.01; and GCL Technology (03800.HK) added over 6% to HK$0.74. The new energy power sector saw robust trading overall, with GCL Technology ranking among the market's top-traded stocks with turnover exceeding HK$340 million.

Property Stocks Mixed; China Jinmao Surges Nearly 10%

As of press time, China Jinmao Holdings (00817.HK) surged nearly 10% to HK$1.64 on turnover of over HK$110 million; Sunac China Holdings (01918.HK) rose over 5% to HK$0.60. Meanwhile, Country Garden Holdings (02007.HK) edged down about 1% to HK$0.195. The property sector showed notable divergence, with select names advancing on interim earnings expectations and policy optimism.

Among other notable movers, Innovent Biologics (01801.HK) surged over 9% to HK$109.40 after interim profits jumped sharply; Anta Sports Products (02020.HK) climbed nearly 7% to HK$76.85 as interim earnings rose 35% and the company increased its dividend by 10%. Beijing Enterprises Water Group (00371.HK) slumped over 14% to HK$1.76, making it one of the biggest decliners among active stocks; WuXi Biologics (02269.HK) bucked the broader market trend, falling nearly 3% to HK$50.70.