According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose 0.17%, closing at 19,556 points; the Hang Seng Tech Index increased by 1.26%.
Institutions estimate that the market space for domestic AI computing power chips is about $30 billion, and domestic chip foundry companies are in high demand. Semiconductor stocks rose in early trading, with Semiconductor Manufacturing International Corporation (00981) up over 10% and Hua Hong Semiconductor (01347) up over 7%.
Gold stocks rose again as U.S. CPI data reignited expectations for interest rate cuts this year. China International Capital Corporation predicts that gold prices may break through $3,000 per ounce this year. China Gold International (02099) rose 2.76%, closing at HKD 44.75; Zhaojin Mining Industry (01818) rose 2.81%; Zijin Mining (02899) rose 1.35%; Shandong Gold (01787) rose 0.71%.
Weimob Inc (02013) rose over 12%, as the WeChat chat box added a gift-giving entry, and the company recently launched the Weimob X WeChat Mini Store solution.
Bonjour Hold (00653) rose 17% in early trading, with Chen Jianwen increasing his stake by 210 million shares in the over-the-counter market, as the company is actively transforming.
Brio (00325) rose 2.86% in early trading, as the company is a leading domestic building block toy manufacturer, and institutions are optimistic about the high growth in the building block character segment.
HaploMed-B (02142) rose another 2.82%, having recently reached about $1 billion in overseas cooperation, and announced a HKD 40 million repurchase plan at the beginning of the month.
Quanfeng Holdings (02285) rose over 9%, expecting a net profit of no less than $110 million for the year, turning a profit compared to the previous year.
Yongda Auto (03669) fell over 4%, as UBS indicated that its new car profit pressure exceeded expectations, maintaining a &#34;sell&#34; rating.
Smoore International (06969) fell 2.78% in early trading, as the clearance of non-compliant products may temporarily affect the overall growth rate of e-cigarettes in Europe and the United States.
GoerTek (01415) fell over 4%, leading the decline among Apple concept stocks, as Apple's sales in China in 2024 recorded the largest drop since records began.
China Duty Free Group (01880) fell 2.37%, affected by slowing consumer demand and industry cycles, with the company's annual net profit declining by 36.5% year-on-year

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02099

02988

02013

03669

The Hong Kong Hang Seng Index rose 0.17% in the morning session, reporting 19,556 points, with the technology index up 1.26%. The semiconductor sector performed strongly, with the AI computing chip market space around USD 30 billion, and SMIC rose over 10%. Gold stocks increased due to the US CPI data, with China Gold International rising 2.76%. Weimob Inc rose over 12%, and Bonjour Hold rose 17%. Yongda Auto fell over 4%, with UBS maintaining a "sell" rating. The overall market was influenced by multiple factors, leading to a divergence in individual stock performance

- The Hang Seng Index rose 0.17% to 19,556 points, while the Hang Seng Tech Index increased by 1.26%.  
- The domestic AI chip market is estimated at around $30 billion, boosting demand for local chip manufacturers, with notable gains in semiconductor stocks.  
- Gold stocks also saw an uptick, driven by renewed interest in interest rate cuts, with predictions of gold prices potentially exceeding $3,000 per ounce this year.

Zhitong

BONJOUR HOLD

CHINAGOLDINTL

JF SMARTINV-500

WEIMOB INC

YONGDA AUTO

UBS Group AG

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HBM HOLDINGS-B

CICC

SMOORE INTL

Apple

Capitalonline

BLOKS

CHERVON

ZHAOJIN MINING

Direxion FTSE China Bull 3X

Semiconductor

Direxion FTSE China Bear 3X

HSTECH ETF

CSOP HS TECH

Hang Seng TECH Index

HUA HONG SEMI

POP MART

SMIC

CTG DUTY-FREE

Centec Communications

COWELL

XL2CSOPHSTECH

SD GOLD

ZIJIN MINING

Direxion Semicon Bear 3X

XI2CSOPHSTECH

Direxion Semicon Bull 3X

iShares Semiconductor ETF

Hong Kong Stock Midday Review | Hang Seng Index rose 0.17% in the morning session, with the semiconductor sector leading the market