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The Hang Seng Index rose 0.3 per cent to 26,839.86 as of 9.49am on Thursday. The Hang Seng Tech Index dropped 0.7 per cent. On the mainland, the CSI 300 Index slid 0.3 per cent and the Shanghai Composite Index retreated 0.2 per cent.
Insurer AIA Group gained 3.1 per cent to HK$87.10 and CK Hutchison Holdings added 2.8 per cent to HK$47.98. Hong Kong Exchanges and Clearing rose 0.1 per cent to HK$412.60 before its earnings card. Tencent Holdings rose 0.7 per cent to HK$526.
Nvidia, at the centre of the global AI trade, reported a 73 per cent jump in quarterly revenue to US$68.1 billion for the three months ended January. That beat the consensus estimate of US$65.8 billion. The resilience boosted optimism that massive AI spending can be sustained, with chipmakers in Asia – the major supply chain of AI infrastructure build-out – expected to benefit.
Other major Asian markets also advanced. Japan’s Nikkei 225 climbed 0.4 per cent, while South Korea’s Kospi rose 1.5 per cent and Australia’s S&P/ASX 200 added 0.6 per cent.
