Hang Seng Technology closed up 1.17%, Baidu surged over 9%, and Alibaba rose more than 4%.

Hong Kong stocks continued to rise in the afternoon, with the Hang Seng Index closing up 0.85% and the Hang Seng Tech Index up 1.17%. Technology stocks rose across the board, with Baidu up more than 9%. Luobo Kuairao's second quarter commercialized travel orders have achieved a year-on-year growth of 148%, demonstrating a significant leading advantage in the global autonomous driving market. Horizon Robotics rose more than 7% and Alibaba rose more than 4%. Pinduoduo fell more than 7%, dropping nearly 8.9% at one point during trading, marking the largest decline in 5 months.