Cryptocurrency-related stocks rallied in Hong Kong, with MEMESTRATEGY (02440) rising 7.26% to HK$2.66 and YUNFENG FIN (00376) climbing 5.88% to HK$3.78 by the time of writing. Other gainers included Huajian Medical (01931), up 5.99% at HK$6.72, Boyaa Interactive (00434), advancing 5.4% to HK$4.1, and New Huo Technology Holdings (01611), which increased 4.92% to HK$3.41.

The surge follows a strong rebound in the cryptocurrency market, with Bitcoin briefly surpassing $91,000. At press time, Bitcoin traded at $90,913.3, up nearly 4% over 24 hours, while Ethereum stood at $3,020.77, gaining 2.57% during the same period.

Market sentiment was buoyed by shifting expectations for U.S. monetary policy. According to CME's FedWatch Tool, the probability of a 25-basis-point rate cut by the Federal Reserve in December rose to 85% as of 6:30 AM Beijing time on the 27th. In a notable reversal, J.P. Morgan economists revised their forecast, now predicting the Fed will initiate rate cuts in December rather than January as previously anticipated.