The Hang Seng Index rose about 2.2%, or 541 points, to open at 25,751 on Friday, rebounding from the previous session’s losses and reaching its highest level since August 21. The advance followed an overnight global technology rally after Federal Reserve Governor Christopher Waller signalled a preference for keeping interest rates steady if inflation continues to cool, reducing expectations of a September rate hike and supporting risk appetite. Sentiment toward technology shares was also lifted by reports that Chinese artificial-intelligence company Moonshot AI had confidentially filed for a Hong Kong initial public offering that could raise around US$3 billion. Tencent Holdings gained about 2.2% after an HKEX filing showed it bought back 229,000 shares for HK$100.3 million on September 3. MiniMax rose 7.8%, Xiaomi gained 3.9% and Meituan advanced 3.7%. Financial shares increased about 2.4%, led by AIA Group, up 1.4%; HK Exchanges and Clearing, up 1.5%; and China Resources Land, up 2.4%.