Hong Kong stocks surged, with the tech index up over 4% and NetEase up more than 8%.

BlockBeats news, November 5th, according to data from the Bitget stock platform, Hong Kong stocks broadly rose in the morning session. As of approximately 10:14 Hong Kong time, the Hang Seng Index was at about 24,600 points, up nearly 2.8%; the Hang Seng Tech Index was at about 4,127 points, up over 4.8%, with both indices reclaiming the 24,000 and 4,000 point thresholds.

Tech net leaders led the gains: NetEase up over 8%, Meituan-W up over 8%, Li Auto-W up over 8%, Xiaomi Group-W up over 7%, Alibaba-W up over 5%, Tencent Holdings up over 5%; HSBC Holdings up over 4%, BYD Company up nearly 5%, SMIC up over 3%.

AI hardware-related stocks diverged and weakened, with Lenovo Group down nearly 8%.