The Hang Seng Index rose 300 points, or 1.2%, to around 25,985 on Wednesday, rebounding from the previous session’s losses as investors stepped in to buy stocks after recent declines. Sentiment was supported by selective buying in heavyweight banking and technology stocks, though broader risk appetite remained cautious. Regional markets opened lower, tracking a tech-led selloff on Wall Street amid concerns over returns from heavy AI investment ahead of megacap earnings. External cues were mixed, with oil prices holding gains as traders monitored Iran peace talks, while concerns over the Strait of Hormuz kept energy supply risks in focus. Despite the rebound in Hong Kong equities, investors remained wary amid geopolitical tensions and market volatility. Notable gainers included AIA Group (1.5%), Tencent Holdings (0.9%), Xiaomi Corporation (0.2%), Meituan Class (2.5%), and Pop Mart International (2.4%).