Hong Kong's stock market has seen significant gains, with the Hang Seng Index reaching its highest level in 2024, driven by a surge in tech stocks such as Tencent, Meituan, and others. The Hang Seng China Enterprises Index is also performing well, poised for a fifth-straight day of gains and marking a weekly advance of about 9%, making it the world's best-performing stock gauge this month. Additionally, shares of Tencent have surged more than 10% this month, outperforming other major stocks and reflecting global investors' interest in China's undervalued megacaps. The Hong Kong Stock Exchange (HKEX) also reported its highest levels since March 22, following Q1 earnings that exceeded expectations and increased trading activity in March and April. The Hang Seng Index rose 1.2%, on track for a five-day winning streak.