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2026.11.0902:09:17UTC+00Hong Kong Stocks Rebound at Start of New Week

The Hang Seng Index rose 0.6%, or 131 points, to about 24,612 on Monday, recouping part of Friday’s sharp losses as investor sentiment improved, led by gains in technology and AI-related stocks. Regional risk appetite was buoyed by Friday’s rebound in US equities, while optimism toward China’s AI sector was further lifted by DeepSeek, whose open‑source AI agent application, DeepSeek Harness, reached 1.54 million daily active users as of November 4.

On the macro front, China’s October inflation data showed a faster increase in producer prices, suggesting an improvement in industrial pricing conditions, even as consumer inflation moderated.

Demand for Hong Kong listings was underscored by the robust market debut of Chinese energy storage company RelyEZ Energy Storage Technology, whose shares jumped as much as 127% above the IPO price after raising HK$562.7 million.

Among notable movers were Tencent (+0.9%), Xiaomi (+0.7%), Z.AI Co. (+1.1%), MiniMax (+2.3%), and SMIC (+1.5%).

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