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Hong Kong's Hang Seng Tech Index rose over 2%, with tech stocks broadly rebounding and the Biotech Index surging over 3%.
Hong Kong's Hang Seng Index opened 1.08% higher on October 16 morning, with the Hang Seng Tech Index rising over 2%. Major tech stocks including Alibaba, JD.com, Tencent, NetEase, and Baidu saw significant gains. The Hang Seng Biotech Index surged over 3%, driven by strong performance in innovative drug companies such as Wuxi AppTec and Asymchem. AI large model stocks, optical modules, and chip semiconductors also rebounded.
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