Market Overview▪ As of current, Hong Kong's three major indices have collectively rebounded strongly, with market sentiment showing significant recovery.▪ The Hang Seng Index closed at 25910.99 points, up 3.16%, successfully holding above the 25,000-point mark and challenging recent highs.▪ The Hang Seng TECH Index closed at 4915.53 points, surging by 5.05%.▪ The H-shares Index closed at 8681.09 points, up 2.65%. The index successfully reversed its downward trend, with short-term upward momentum exploding and market confidence effectively repaired.Sector Performance▪ The technology hardware and communication equipment sector performed exceptionally well during trading, becoming the strongest direction in the morning session. ILUVATAR COREX saw an intraday gain of 29.48%, HYBRID TECHNOLOGY rose 18.47%, FIT HON TENG gained 15.70%, and SUNCALL MANUFACTURING short-term surged over 24%. The sector was collectively driven by leading companies, attracting significant capital inflow, reflecting investors' sustained optimism towards technology and semiconductor-related industries. Market expectations for domestic AI companies and the optical communication industry chain have increased.▪ The optical communication sector led the gains in Hong Kong stocks. YOFC rose 15.56% with continuous capital inflow. A recovery in downstream demand and favorable industry policies are considered catalysts for the sector's strength. With downstream demand picking up, this segment has become active against the weak market, driving related stocks to collectively rise.▪ Other traditional sectors and heavyweight stocks performed sluggishly, lacking short-term upward momentum. Capital flow showed structural shifts, reinforcing the characteristics of thematic investment.Macroeconomic Background▪ Recently, investors in the Hong Kong stock market have been closely watching macroeconomic indicators such as the annual rate of imports to gauge external demand and economic vitality. Changes in imports and exports, policy directions, and fluctuations in the RMB exchange rate have a direct impact on market sector structures and trading activity. During periods of intense market volatility, investors tend to focus on segmented areas that significantly benefit from policies and have high industry prosperity.Hot Stocks▪ ILUVATAR COREX (9903.HK) saw an intraday gain of 29.48%, with a transaction volume of HK$342 million. The company benefited from the strength in the technology and semiconductor sectors, and increased market expectations for domestic AI companies drove continuous capital inflow, making it the most watched leader.▪ YOFC (6869.HK) rose 15.56%, with a transaction volume of HK$470 million. The sector's activity led to market inflow into optical communication-related stocks. A shift in industry policy and recovery in downstream demand are the main catalysts for this stock price increase. From a capital perspective, market prosperity continues to rise.▪ HYBRID TECHNOLOGY (1729.HK) rose 18.47%, with a transaction volume of HK$680 million. Benefiting from the overall active technology hardware sector, the company's trading volume significantly increased, but it lacks independent major positive news in the short term, with capital competition being evident.▪ FIT HON TENG (6088.HK) rose 15.70%, with a transaction volume of HK$508 million. As a beneficiary stock of optical communication and AI concepts, the company received focused attention from capital, and the recovery of industry sentiment boosted short-term performance.▪ SUNCALL MANUFACTURING (1617.HK) surged 26.88% in the short term. The company benefited from the collective strength of small and medium-cap optical communication stocks, driven primarily by capital. Investors remain optimistic about the growth potential in this segment.Top 10 Market Transaction Volumes▪ Alibaba -W (9988.HK) Latest traded price HK$127, gain 7.17%, transaction volume HK$919 million▪ Tencent Holdings (700.HK) Latest traded price HK$504.50, gain 3.13%, transaction volume HK$885 million▪ Xiaomi Group -W (1810.HK) Latest traded price HK$32.66, gain 5.76%, transaction volume HK$502 million▪ YOFC (6869.HK) Latest traded price HK$218.40, gain 15.56%, transaction volume HK$470 million▪ Meituan -W (3690.HK) Latest traded price HK$88.15, gain 9.84%, transaction volume HK$445 million▪ CNOOC (883.HK) Latest traded price HK$26.06, drop 3.55%, transaction volume HK$425 million▪ Pop Mart (9992.HK) Latest traded price HK$152.40, gain 7.48%, transaction volume HK$416 million▪ SMIC (981.HK) Latest traded price HK$55.55, gain 8.92%, transaction volume HK$374 million▪ Kuaishou -W (1024.HK) Latest traded price HK$47.80, gain 6.46%, transaction volume HK$236 million▪ HSBC Holdings (5.HK) Latest traded price HK$136.90, gain 5.31%, transaction volume HK$234 million

09903

06869

01729

As of current, the three major indices have significantly rallied from early morning pressure, with the Hang Seng TECH Index rising over 5% to lead the market. In terms of sectors, technology hardware and communication equipment stocks performed extremely strongly, showing excellent offensive capabilities amid the overall market recovery. Leading companies like ILUVATAR COREX and YOFC continued to surge, activating the vibrancy of the AI chip and optical communication industry chains

- The Hong Kong stock market has shown a strong recovery, with major indices rebounding significantly; the Hang Seng Index rose 3.16% to 25,910.99 points.  
- The technology hardware sector led the gains, particularly companies like Tensu Zhixin and Changfei Fiber Optic, which saw substantial increases in stock prices.  
- Investors are focusing on macroeconomic indicators and policy shifts, with positive sentiment toward domestic AI and telecommunications industries driving market activity.

LB Select

ILUVATAR COREX

YOFC

TIME INTERCON

FIT HON TENG

NANFANG COMM

BABA-W

XIAOMI-W

MEITUAN

CNOOC

POP MART

SMIC

Hang Seng TECH Index

Hang Seng Index

Hong Kong Stocks Intraday | Hang Seng Index Rises 3.16%, Tech Hardware Leads Gains All Day, Hang Seng TECH Index Surges 5.05%