HSI Climbs 372 pts at Close, Led by Techs

$Hang Seng TECH Index (800700.HK)$ climbed 372 points or 2.2% to close at 17,201. $Hang Seng China Enterprises Index (800100.HK)$ gained 145 points or 2.5% to close at 6,100. $Hang Seng TECH Index (800700.HK)$ advanced 124 points or 3.6% to close at 3,573. Total market turnover for the day amounted to $129.584 billion.

$SENSETIME-W (00020.HK)$ rocketed 31.1% before trading in its share halter, following the release of its new AI model, and the stock printed at $0.8 before the suspension. Chip equipment stock $ASMPT (00522.HK)$ , with its 1Q24 net profit leaping nearly 1.4x QoQ, swelled 7%.

For other techs, $BABA-W (09988.HK)$ elevated 3.9% to $72.5, while $TENCENT (00700.HK)$ mounted 3.6% to $344.2. $MEITUAN-W (03690.HK)$ and $JD-SW (09618.HK)$ advanced 4.6% and 4.3%, while $KUAISHOU-W (01024.HK)$ and $BILIBILI-W (09626.HK)$ rallied over 8%. $CHINASOFT INT'L (00354.HK)$ and $KINGDEE INT'L (00268.HK)$ also escalated over 7%, while $Q TECH (01478.HK)$ , $CHINA LIT (00772.HK)$ and $GDS-SW (09698.HK)$ shot up over 6%. $WEIMOB INC (02013.HK)$ surged 13.2%.