Woofun AI data shows that the Hong Kong Hang Seng Index advanced by 702.57 points, representing a 2.99% increase, to settle at 24,199.46 points on July 8.

The Hang Seng Tech Index climbed 223.98 points, up 4.97%, to 4,731.02 points. The State-Owned Enterprises Index gained 313.96 points, rising 4.04% to 8,084.22 points, while the Red Chip Index increased by 69.8 points, or 1.83%, to close at 3,874.93 points.