The Hang Seng Index in Hong Kong closed up 0.97%. The Hang Seng Tech Index rose by 0.24%.

The Hang Seng Index in Hong Kong closed up 0.97%, while the Hang Seng Tech Index rose 0.24%. With the introduction of new gold tax policies, gold stocks fell, with Lao Shuyuan gold falling by over 7% and China Gold International falling by over 2%; Huahong Semiconductor fell by over 3% and SMIC International fell by over 2%. Xpeng Motors and NIO rose by over 4%, while Xiaomi Group rose by over 3%.