Hong Kong Stock Midday Review | Hang Seng Index rose 0.23% in the morning session, photovoltaic industry chain continues to rebound

According to Zhitong Finance APP, the Hang Seng Index rose 0.23%, closing at 19,264 points; the Hang Seng Tech Index rose 0.21%.

The photovoltaic industry chain continues to rebound, with photovoltaic glass production capacity continuously being reduced. After the holiday, prices in the industry chain are expected to recover above cash costs. FLAT GLASS (06865) rose 6.80%; GCL-Poly Energy (03800) rose 6.36%; Xinyi Solar (00968) rose 4.73%; New Energy (01799) rose 4.5%.

The domestic chip sector remains strong, with SMIC (00981) rising 4.84%; Hua Hong Semiconductor (01347) rising 0.22%.

Fubo Group (03738) rose over 11% again, as the company recently announced copyright protection services for the generative AI ecosystem.

Zhixing Automotive Technology (01274) rebounded 17%, as its domestic unlisted shares converted to H-shares for "full circulation" were filed with the China Securities Regulatory Commission.

JS Global Lifestyle (01691) rose over 9% at its peak, as small appliances are expected to benefit from WeChat gifting, and institutions are optimistic about future SN Asia-Pacific business.

Changfei Optical Fiber and Cable (06869) rose over 3% again, as Changxin Shenghe collaborates with domestic companies like Cambricon and ByteDance in the AEC field.

QiuTai Technology (01478) rose 4.72%, with full-year profits expected to increase by up to 2.8 times year-on-year, and tax obligations in India being reduced.

JianTao Laminates (01888) rose over 3%, as PCB market sentiment improves, and the company is a leader in the copper-clad laminate industry.

Bruker (00325) rose over 4% during the session, as IP empowerment grows, and the company's revenue scale continues to increase significantly.

Automobile stocks are generally under pressure, with over 30 brands announcing price cuts at the start of the year. The China Passenger Car Association warns that this year's car market price war will be fiercer. Great Wall Motors (02333) fell 3.90%; Li Auto-W (02015) fell 2.38%; XPeng-W (09868) fell 0.69%.

Gold stocks fell as interest rate cut expectations weakened, with Goldman Sachs indicating further strengthening risks for the dollar in the future. Zijin Mining (02899) fell 5.07%; Shandong Gold (01787) fell 2.39%; China Gold International (02099) fell 1.46%.

Sands China (01928) fell over 4%, as Macau's January gaming revenue may decline year-on-year, and renovation projects peaked in Q4, disrupting the company's operations