Hong Kong Stocks Surge, Hang Seng Index Tops 24,000

Hong Kong stocks experienced significant gains over several sessions, with the Hang Seng Index rising by hundreds of points. Key drivers included the tech index, which increased by up to 2.25%, and chip and AI concept stocks that surged notably. Bank stocks initially sold off, with major banks like China Construction Bank and Bank of Communications dropping more than 4%. However, heavyweight financial stocks later rebounded, with HSBC, AIA, and Hong Kong Exchanges and Clearing rising by nearly 2%. The Hang Seng Index closed above 24,000 for the first time in half a month, marking four consecutive days of gains.