Chinese stock markets showed positive momentum in mid-August 2025, with the Shanghai Composite Index reaching a near four-year high above 3,700 points and the Shenzhen Component and ChiNext indexes also posting gains. Trading turnover on the Shanghai and Shenzhen exchanges exceeded 2 trillion yuan ($300 billion) for three consecutive days, marking the highest activity since February 2025. The Hang Seng Index in Hong Kong experienced notable gains, surpassing 25,000 points at one stage and rising over 2% before a slight decline to close down 0.37% on August 14. The Hang Seng Tech Index followed a similar pattern, peaking with gains above 3.5% before closing lower. Tencent shares rose to their highest level since June 2021, reaching HK$573, supported by a strong Q2 revenue report for Tencent Music Entertainment, which saw its shares open up 12.8%. Southbound net buying via the Stock Connect program hit a record HK$35.876 billion on August 15, indicating strong mainland investor interest in Hong Kong stocks. Korean retail investors significantly increased their holdings in Hong Kong stocks, with top picks including Xiaomi, Tencent, BYD, Alibaba, and SMIC, which have shown robust year-to-date gains of up to 81% for SMIC. Meanwhile, major global tech stocks in 2025 have shown mixed performance, with Nvidia up 34.4%, Microsoft up 23.4%, Apple down 7.5%, and Tesla down 18.2%.