AI, chip shares drive Hong Kong stocks to four-month high

Photo by SING TAO.
Photo by SING TAO.

Hong Kong stocks closed at 21,133 points, hitting a nearly four-month high, boosted by artificial intelligence and chip shares.

The benchmark Hang Seng Index once climbed as high as 21,213 points before gains narrowed, ultimately closing 1.16 percent or 241 points higher, with a turnover of HK$246.4 billion.

The Hang Seng Tech Index went up by 1.8 percent to 5,150 points.

Kingdee International Software (0268) gained 14.84 percent to HK$12.38 after it announced that it has fully integrated Chinese AI phenomenon DeepSeek into its Kingdee Cloud SaaS applications, with an aim to offer more affordable and effective solutions.