The Hong Kong stock market's three major indices all moved higher in the morning session.

By the midday break, the Hang Seng Index had risen by 2.12% to reach 23,153.43 points. The Hang Seng Tech Index surged 3.68%, and the Hang Seng China Enterprises Index advanced 2.81%.

Across the board, technology and internet stocks were mostly higher, with Meituan-W and Baidu Group-SW each gaining more than 7%. In contrast, Lenovo Group Ltd saw its shares decline over 9%.

Stocks related to innovative drugs experienced a significant rally. Remegen Co., Ltd. surged more than 15%. This move followed an announcement from the National Healthcare Security Administration, which indicated that 557 drugs have passed initial review for the national reimbursement drug list, and 54 have passed review for a commercial insurance innovation drug catalog. This development marks a substantive step in the dual-track negotiation process involving both public and private insurance schemes.

Shares of robotics companies also showed strength, with Horizon Robotics climbing over 15%. Analysts note that 2026 is viewed as a critical inflection point for the commercialization of humanoid robots, with expectations for initial mass production from leading players and a significant scaling up of output from domestic manufacturers.

However, the optical communications sector underperformed. Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) fell more than 8%. The recent sharp rise in fiber optic prices has prompted several manufacturers to announce capacity expansion plans. Additionally, the launch of new glass interconnect technology by Corning has raised market concerns about potential long-term demand pressure on traditional midstream components.

Three new listings debuted today. Shares of Laipeng Pharmaceutical-B more than doubled, Hai Guang Xin Zheng Co., Ltd. jumped over 45%, and Baige Online Digital Technology Co., Ltd. skyrocketed more than 317% from their offer prices. All three IPOs saw exceptionally high levels of oversubscription during their public offerings.