Hang Seng Tech Rises 3% as Horizon Robotics Surges 8%, Xiaomi Gains 7%

Hong Kong's tech benchmark extended its afternoon advance, with the Hang Seng Tech Index rising 3% as robotics and consumer electronics shares led the move. Horizon Robotics climbed more than 8%, while Xiaomi gained over 7%, drawing attention to companies tied to autonomous driving chips, robotics computing and smart hardware. Market participants said the strength in sector leaders helped lift risk appetite for Hong Kong-listed technology names. Still, they noted that the index's next direction will depend on macro data, policy expectations and global market volatility. Traders were watching turnover and fund flows for signs that the rally could be sustained, with gains broadening across several related stocks. The afternoon acceleration highlighted how quickly positioning can shift in Hong Kong's tech sector, where liquidity and news flow often amplify individual stock moves. Both stocks remained among the day's standout performers.