Hong Kong stocks rose 2 percent as of midday, as investment banks remain bullish on China’s tech sector.

The benchmark Hang Seng Index stood at 23,080 points by noon, 2.05 percent or 464 points higher than the previous close, with a half-day main board turnover of HK$175.9 billion.

The blue-chip index once hit 23,093 points in the morning, a fresh high for more than four months.

The Hang Seng Tech Index extended its rally by 3.04 percent and ended the early trade hours at 5,666 points.