The Hang Seng surged 327 points or 1.3% to end at 24,825 on Friday, reversing two days of losses as all sectors participated in the rally. The index hit a four-month top and climbed 2.8% for the week, marking its second straight weekly gain. Strong momentum in mainland stocks boosted sentiment after Beijing this week pledged to curb massive price-cutting by Chinese firms. Hong Kong’s tech index surged 1.7%, lifted by optimism after Nvidia planned to boost supply of China-compliant H20 chips and launch more advanced chips in the market. Solid gains extended to consumers and financials, as U.S. President Trump softened his stance toward China, fueling trade deal hopes ahead of the August 12 deadline. Notable gainers included Smoore (5.0%), Hansoh Pharma (3.6%), Nongfu Spring (3.5%), and Kuaishou Tech. (2.1%). Capping further gains were caution ahead of next week’s PBoC decision on July loan prime rates, after June’s record lows, and in anticipation of Hong Kong’s June inflation data.