The Hang Seng surged 359 points or 1.4% to finish at 25,418 on Friday, snapping a three-day losing streak. Optimism improved after Wall Street's S&P 500 hit a record high Thursday, with traders betting the Fed will cut rates this month amid further signs of a cooling U.S. labor market. For the week, the index gained 1.4%, reversing the prior week’s loss, supported by a CNY 1 trillion liquidity injection from China’s central bank. Still, upside was limited by the sharpest weekly drop in five months in mainland stocks as traders booked profits after a two-month rally and the end of China’s military parade. All sectors participated in the rally, led by tech, consumers, and property. Ubtech Robotics soared 4.4% on a CNY 250 million humanoid robot contract, while WuXi XDC Cayman climbed 3.6% after announcing a HKD 2.73 billion share sale. Other top gainers included Horizon Robotics (9.5%), SMIC (6.0%), Hansoh Pharma (4.6%), and China Hongqiao (4.6%).