Hong Kong Stock Market Rebounds with AI and Tech Stocks Leading The three major Hong Kong stock indices rebounded in the afternoon trading session, with the Hang Seng Index rising 0.61%, the Hang Seng TECH Index gaining 0.01%, and the Hang Seng China Enterprises Index climbing 0.10%. The Hang Seng China Affiliated Corporations Index, however, fell 0.24%. At the close, 1,242 stocks advanced, 982 declined, and 952 remained unchanged. Technology and internet sectors dominated the gains, with Alibaba-W up 2.30%, Bilibili-W rising 2.25%, Baidu Group-SW increasing 2.18%, SenseTime-W gaining 1.46%, Meituan-W up 0.38%, and Tencent adding 0.09%. AI application stocks were particularly active, with MiniMax surging 19.85%, Zhipu rising 19.47%, and Kingsoft Cloud jumping 18.17%. Other notable performers included Haizhi Technology Group (10.72%) and MiningLamp Technology (8.23%). Storage-related concepts also trended upward, driven by demand for data infrastructure. CSOP 2x Long SK Hynix gained 17.67%, CSOP 2x Long Samsung Electronics rose 16.7%, and Gigadevice Semiconductors climbed 11.5%. Semiconductor stocks broadly moved higher, with ThinkForce Intelligent Technology surging 13.17%, Shanghai Fudan Microelectronics Group rising 13.11%, and Huahong Semiconductor gaining 3.83%. In contrast, automotive stocks declined, with Li Auto-W dropping 6.24%, Geely Auto falling 3.66%, XPeng Motors-W decreasing 3.26%, Leapmotor sliding 2.38%, and BYD’s shares retreating 2.20%. Shipping and port stocks, however, performed well, with COSCO Shipping Energy Transportation up 7.76%, SITC International Holdings gaining 2.53%, and T.S. Lines advancing 2.11%. Apple-related concepts also saw strong activity, with FIT HON TENG surging 12.19%, Weis Plus rising 5.#hang_seng_index #hong_kong_stock_market #hang_seng_tech_index #hang_seng_china_enterprises_index #hang_seng_china_affiliated_corporations_index
