Hong Kong stocks rallied in morning trading. HSI rose 0.3%; HSTECH rose 1.9%; Xiaomi rose 6%; Li Auto, BYD, and Minimax rose 5%; XPeng, JD.com, Kuaishou, NetEase, Bilibili, and Z.AI rose 3%; NIO and Meituan rose 2%; Pop Mart, Baidu, and Tencent rose 1%; Alibaba rose 0.9%.
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