HK Stock Market Intraday: Major Indices Adjust Collectively, Tech & AI Sectors Rise Against the Trend, Structural Trends Emerge

Market Overview

▪ The three major HK stock indices showed divergent intraday trends.

▪ As of now, the Hang Seng Index closed at 26,147.52 points, down 1.28%, undergoing a short-term adjustment;

▪ The Hang Seng Tech Index stood at 4,964.44 points, down 1.92%;

▪ The HSI China Enterprises Index held steady intraday at 8,808.83 points, down 1.53%.

Sector Performance

▪ Technology innovation and growth sectors stood out during the session: EXTREME VISION rose 25.26%, HUAYAN ROBOTICS surged 28.73%, CIG jumped 22.51%, YOFC spiked 15.26% intraday, and JIA YAO HLDGS climbed 36.83%. Funds flowed into high-growth areas and AI application-related sectors, reflecting strong market focus on industry prosperity and technological innovation.

Macro Background

▪ Recently, the HK stock market has experienced significant volatility due to external environments and trade factors. Investors continue monitoring import/export data and policy directions; short-term investors should guard against macroeconomic uncertainty risks. AI and tech innovation themes remain favored by active capital, sector rotation has accelerated, and structural hotspots are prominent.

Hot Individual Stocks

▪ EXTREME VISION (6636.HK) rose 25.26% intraday with turnover of HKD 321.42 million. Driven by AI and high-tech growth expectations, capital inflows were substantial, resulting in high short-term trading activity. Caution is advised regarding pullback risks amid high-volatility conditions.

▪ HUAYAN ROBOTICS (1021.HK) surged 28.73% intraday with turnover of HKD 138.87 million. Capital chased short-term tech innovation targets, sustaining rising trading enthusiasm in the sector with active investor participation.

▪ CIG (6166.HK) jumped 22.51% intraday with turnover of HKD 1.97 billion. Benefiting from AI-driven demand for optical modules and significant Q1 earnings growth, continuous capital inflows boosted trading activity, with the market optimistic about the company's future growth potential.

▪ YOFC (6869.HK) rose 15.26% intraday with turnover of HKD 5.71 billion. Supported by improved fiber optic industry prospects and robust overseas demand, it attracted concentrated capital inflows.

▪ JIA YAO HLDGS (1626.HK) climbed 36.83% intraday with turnover of HKD 20.05 million. Highlighting short-term event-driven opportunities in the sector, active capital drove the surge, though subsequent volatility risks warrant attention.

Top 10 Turnover List

▪ Tencent Holdings (700.HK): Latest price HKD 505.00, down 2.70%, turnover HKD 891 million

▪ CATL (300750.HK): Latest price HKD 698.00, down 5.16%, turnover HKD 883 million

▪ Alibaba -W (9988.HK): Latest price HKD 131.50, down 3.52%, turnover HKD 702 million

▪ YOFC (6869.HK): Latest price HKD 243.20, up 15.26%, turnover HKD 571 million

▪ Shenghong Keji (300476.HK): Latest price HKD 333.00, up 5.71%, turnover HKD 296 million

▪ SMIC (981.HK): Latest price HKD 59.15, down 1.58%, turnover HKD 253 million

▪ CIG (6166.HK): Latest price HKD 153.20, up 21.88%, turnover HKD 197 million

▪ Meituan -W (3690.HK): Latest price HKD 84.45, down 2.31%, turnover HKD 186 million

▪ Zijin Mining (2899.HK): Latest price HKD 37.94, down 0.68%, turnover HKD 182 million

▪ Pop Mart (9992.HK): Latest price HKD 160.00, down 2.68%, turnover HKD 176 million