The Hang Seng Index gained 0.9%, or about 214 points, to roughly 24,819 on Friday as lower oil prices and softer U.S. Treasury yields improved investor sentiment. Brent crude fell below $104 a barrel for a third consecutive session, reducing concerns about inflation and borrowing costs after the Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00% and indicated another increase remained possible this year. Wall Street's rebound, with the S&P 500 and Nasdaq each climbing more than 1% overnight, supported risk appetite across Asian markets. Technology stocks led Hong Kong's advance, including gains of 4.5% for Z.AI Co., 0.7% for Tencent, 2.7% for Lenovo, 7.3% for MiniMax and 2.4% for SMIC. Investors continued tracking developments in the Middle East, the outlook for additional U.S. monetary tightening and the planned meeting between President Trump and President Xi next week.