Hang Seng Tech Index jumps 1.8% at midday; internet stocks surge broadly, Kingdee International soars nearly 19%

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Hong Kong tech stocks rebounded sharply, with the Hang Seng Technology Index rising 1.81% at midday. Kingdee International led the sector with a gain of nearly 19%, supported by strong quarterly operating data showing higher ARR and AI contract bookings. Other SaaS-related names such as Inspur Digital Enterprise, Meituan, Kingsoft-related software peers, and Weimob also posted strong gains. The article links the rally to improved global risk sentiment, Nvidia-related AI optimism, and expectations that the Hang Seng Tech index will attract more long-term capital after recent constituent changes.

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