Hong Kong stocks surged on Wednesday, with the Hang Seng Index closing up 2.84% at 23,594.21 points, driven by optimism following China's announcement of maintaining its economic growth target at around 5% for 2025. The Hang Seng Tech Index saw a more significant increase, rising 4.02%. Notable performers included Meituan, up 6.4%, SMIC, up 6.6%, and Chow Tai Fook, which rose more than 11%. The gains in Hong Kong were part of a broader rally in Asian markets, spurred by China's commitment to a fiscal deficit target of 4% of GDP, the highest in over three decades, signaling strong policy support to boost demand amidst deflationary pressures and housing market challenges. In Japan, the Nikkei Index rose 0.23%, while in South Korea, the Kospi Index increased by 1.16%. Taiwan's Taiex Index also advanced by 1.22%. In mainland China, the Shanghai Composite Index rose 0.53% to 3,341.96 points, and the Shenzhen Composite Index increased by 0.41% to 2,054.15 points. The positive market sentiment was also influenced by China's pledge to support the technology sector, with notable gains in shares of companies like Hua Hong Semiconductor Ltd., up 7.1%, and Jiangsu Hengli Hydraulic Co., up 8.6%. The S&P 500 futures in the US were also pointing to a higher open, up 0.55%, reflecting the positive momentum from Asian markets. However, the S&P index has underperformed compared to global asset signals over the last 20 days, lagging by -4.17% cumulatively.