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The Hang Seng Index increased 0.2 per cent to 25,812.34 at 9.50am local time, erasing the 0.1 per cent loss recorded on Tuesday. The Hang Seng Tech Index climbed 0.4 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index were little changed.
Hong Kong’s stock market will trade for only half a day on Wednesday and remain closed on Thursday and Friday for the Christmas holiday.
Leading the gainers, search-engine giant Baidu jumped 1.5 per cent to HK$121.60 and online-game provider NetEase advanced 1 per cent to HK$214.80. Home-grown chipmaker SMIC surged 4.7 per cent to HK$72.15, and smartphone and carmaker Xiaomi added 0.5 per cent to HK$214.40.
Limiting the advance, travel-booking agency Trip.com retreated 0.4 per cent to HK$565.50 and power-tools producer Techtronic Industries fell 0.3 per cent to HK$91.40. Sportswear maker Li Ning dropped 1.3 per cent to HK$19 and peer Anta Sports Products slipped 0.9 per cent to HK$81.55. Short-video platform Kuaishou Technology slid 0.4 per cent to HK$64.10, and e-commerce firm Alibaba Group Holding fell 0.5 per cent to HK$146.50.
Overnight in the US, the S&P Index rose for a fourth day to close 0.5 per cent higher and the Nasdaq climbed 0.6 per cent, as risk appetite improved ahead of the Christmas holiday. Investors brushed off reduced expectations for near-term Fed easing after strong economic data, betting instead on resilient earnings growth into 2026.
