# The Hang Seng Index opened 1.2 per cent, or 317 points, higher at 26,531.

*business · news · 2026-05-07 · South China Morning Post*

## Key points

- The Hang Seng Index recovered above 26,500, opening 1.2% higher at 26,531.
- Hang Seng Tech Index surged 2.4% to 5,089, driven by strong tech stock advances.
- Alibaba rose nearly 4% and Baidu gained almost 5%, leading technology sector gains.
- Oil producers like PetroChina and CNOOC fell over 2-3% as oil prices declined.

**Companies:** Alibaba Group Holding, Baidu, PetroChina, CNOOC
**Countries:** Hong Kong, China, United States

[Read the full story on South China Morning Post](https://www.scmp.com/business/markets/article/3352687/hong-kong-stocks-cross-26500-easing-middle-east-concerns)

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