Market Overview▪ The three major indices of the Hong Kong stock market fluctuated upward during the trading session;▪ The Hang Seng Index reported 25,978.48 points, up 0.24%;▪ The Hang Seng Tech Index latest reported 4,907.29 points, with an increase of 0.86%, showing active performance during the session;▪ The China Enterprises Index currently reported 8,780.74 points, up 0.55%, near a phase high.Sector Performance▪ The semiconductor sector collectively rose during the session, driven by AI chips and the heat of domestic computing power, with active capital inflow within the sector. Hua Hong Semiconductor rose 15.93% during the session, boosting sector sentiment. Semiconductor Manufacturing International Corporation also performed strongly, with an increase of 9.24% during the session, indicating that industry leaders are favored by capital.▪ The technology and consumer sectors maintained a strong pattern. Although the Hang Seng Tech Index slightly retreated from its phase high, trading was active, with Alibaba and Tencent Holdings showing stable performance, and capital attention remained strong. Additionally, Meituan and BYD Company still showed differentiated adjustments. The consumer side is temporarily affected by the external environment, and capital risk appetite remains cautious.▪ The new energy and digital infrastructure sectors also had highlights, with Concord New Energy rising nearly 17% at one point during the session, ultimately closing up 18.64%, with a transaction amount of HKD 46.6312 million. The favorable data center project directly drove stock price fluctuations, indicating that capital is gradually diversifying into growth tracks under sector rotation.Macroeconomic Background▪ The Hong Kong stock market experienced increased volatility during the session, with investors continuing to focus on macroeconomic data and changes in external markets. Capital performance showed differentiation, with a strong wait-and-see sentiment and clear market structure divergence. The technology and consumer sectors continued to lead market trends, with investors on alert for uncertainties brought by overseas risk transmission in the short term.Popular Stocks▪ Guoxia Tech (2655.HK) saw its intraday increase reach as high as 28.35%, currently up 26.05%, with a transaction amount of HKD 1,340.5557 million. Capital flow remained active, with significant increases in market trading volume and heightened investment enthusiasm, contributing to short-term valuation and liquidity improvements for the company.▪ Hua Hong Semiconductor (1347.HK) reached an intraday increase of 15.93%, currently closing up 16.78%, with a transaction amount of HKD 7,090.3277 million. The overall volatility of the semiconductor sector increased, with optimistic industry expectations driving core stocks to continue strengthening, supported by ongoing capital inflow.▪ Productive Tech (650.HK) surged 30.12% during the session, with a transaction amount of HKD 50.9771 million. There are no recent news updates, but the stock price fluctuations and active trading reflect increased short-term capital attention.▪ Concord New Energy (182.HK) rose nearly 17% at one point during the session, currently up 18.64%, with a transaction amount of HKD 46.6312 million. The company's development of a 1-gigawatt data center received grid connection approval from Texas ERCOT in the U.S., marking a significant milestone for its digital infrastructure business, with related positive news boosting sector enthusiasm.▪ Haixi Pharma (2637.HK) rose 15.96% during the session, with a transaction amount of HKD 192.9152 million. There are no obvious news updates, but active capital has led to short-term stock price increasesMarket Trading Volume TOP10▪ Semiconductor Manufacturing International Corporation (981.HK) latest trading price HKD 63.85, up 9.24%, trading volume HKD 1.008 billion▪ Tencent Holdings (700.HK) latest trading price HKD 494.40, down 0.16%, trading volume HKD 720 million▪ Hua Hong Semiconductor (1347.HK) latest trading price HKD 109.70, up 16.89%, trading volume HKD 709 million▪ Alibaba -W (9988.HK) latest trading price HKD 132.20, up 1.38%, trading volume HKD 658 million▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (6869.HK) latest trading price HKD 220.60, down 5.32%, trading volume HKD 299 million▪ BYD Company Limited (1211.HK) latest trading price HKD 101.10, down 2.32%, trading volume HKD 222 million▪ Meituan -W (3690.HK) latest trading price HKD 82.20, down 1.08%, trading volume HKD 209 million▪ China National Offshore Oil Corporation (883.HK) latest trading price HKD 28.02, up 1.30%, trading volume HKD 195 million▪ Zhihui (2513.HK) latest trading price HKD 949.00, down 7.68%, trading volume HKD 193 million▪ Geely Automobile Holdings Limited (175.HK) latest trading price HKD 23.10, down 2.37%, trading volume HKD 193 million

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During the trading session, the Hong Kong stock market maintained a fluctuating upward trend, with the index at a high level. The semiconductor sector saw active trading, with core stocks such as GUOXIA TECH and HUA HONG SEMI rising strongly, driving capital to flow actively into the industry. The trends related to AI chips and domestic computing power catalyzed significant market structural differentiation, with investors focusing on popular sectors such as technology and consumption. The activity level of capital increased, leading to a substantial rise in popular stocks

- The Hong Kong stock market showed moderate gains, with the Hang Seng Index rising 0.24% to 25,978.48 points.  
- Semiconductor stocks surged due to strong interest in AI chips, with Hua Hong Semiconductor up 15.93% and SMIC rising 9.24%.  
- Market volatility is increasing amid cautious investor sentiment regarding macroeconomic data and external risks, with significant attention on tech and consumer sectors.

LB Select

GUOXIA TECH

HUA HONG SEMI

PRODUCTIVE TECH

CONCORD NE

HAIXI PHARMA

Hong Kong stocks intraday | Three major indices fluctuate, semiconductor sector leads the rise, GUOXIA TECH surges 26.05%