Market Overview
▪ During intraday trading, major Hong Kong stock indices showed adjustments;
▪ The Hang Seng Index closed at 25,845.79 points, down 1.02%;
▪ The Hang Seng Tech Index reported 4,890.16 points intraday, down 0.4%;
▪ The H-Shares Index reported 8,716.37 points as of the latest intraday update, down 1.01%.
Sector Performance
▪ The semiconductor sector was the standout performer today. ILUVATAR COREX (09903.HK) surged over 21% to HK$465.8, with turnover of approximately HK$860 million; Hua Hong Semiconductor (01347.HK) rose over 7% to HK$115.9, with turnover of approximately HK$5.7 billion; SMIC (00981.HK) gained nearly 7% to HK$70.4, with turnover of approximately HK$8.5 billion.
▪ The insurance sector bucked the trend to rise today. China Life Insurance (02628.HK) increased by nearly 5% to HK$28.72, with turnover of approximately HK$2.2 billion; New China Life Insurance (01336.HK) rose by nearly 2% to HK$51.5. However, mainland bank stocks performed weakly, with China Construction Bank (00939.HK) falling nearly 2%, Industrial and Commercial Bank of China (01398.HK) dropping nearly 2%, and Agricultural Bank of China (01288.HK) declining 1.5%.
Macro Background
▪ Hong Kong stocks experienced overall volatility during the session, with investors monitoring changes in the external economic environment and regional trade performance. Influenced by global policies and capital flows, market sentiment remained cautious. Trading in the technology and consumer sectors was active, with short-term sector differentiation highlighting structural opportunities and intensifying short-term capital speculation.
Hot Stocks
▪ Zhongyuan Jianye (9982.HK) surged 59.32% during the session, with a turnover of HK$19.03 million. Active capital inflows and increased market attention demonstrated the effect of short-term capital pursuit.
▪ ILUVATAR COREX (9903.HK) rose 21.15%, with a turnover of HK$887 million. As the global chip industry outlook improved, multiple stocks within the sector hit new highs in tandem. High investor preference for industry leaders drove valuation increases.
▪ RIMBACO (1953.HK) rose 29.17%, with a turnover of HK$72.79 million. Intraday trading volume increased significantly, and capital flows remained active, making it one of the short-term market focuses.
▪ WELLCELL HOLD (2940.HK) rose 20.27%, with a turnover of HK$516 million. Although there were no major recent news drivers, unusual capital movements fully reflected the current market's active trading characteristics.
▪ TSUN YIP HLDGS (8356.HK) rose 15.00%, with a turnover of HK$7.13 million. Despite the absence of recent news, short-term activity reflected intense market speculation.
Top 10 Market Turnover
▪ Tencent Holdings: Latest price HK$469.60, down 2.00%, turnover HK$1.349 billion
▪ SMIC: Latest price HK$70.45, up 7.07%, turnover HK$892 million
▪ Alibaba -W: Latest price HK$127.20, down 2.60%, turnover HK$763 million
▪ Yangtze Optical Fibre and Cable: Latest price HK$201.80, down 12.56%, turnover HK$661 million
▪ Xiaomi Group -W: Latest price HK$29.26, down 2.92%, turnover HK$641 million
▪ Hua Hong Semiconductor: Latest price HK$116.10, up 7.40%, turnover HK$588 million
▪ CATL: Latest price HK$609.00, down 2.95%, turnover HK$336 million
▪ China Construction Bank: Latest price HK$8.87, down 1.33%, turnover HK$287 million
▪ BYD Company: Latest price HK$102.70, down 5.17%, turnover HK$256 million
▪ Meituan -W: Latest price HK$84.30, up 1.38%, turnover HK$256 million

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During intraday trading, major Hong Kong stock indices retreated from their recent highs, with the market oscillating at elevated levels. The semiconductor sector saw a robust overall rise driven by a surge in demand for AI computing power, with Cambricon hitting the daily limit up during the session, significantly boosting industry sentiment. Meanwhile, performance in the internet content and technology sectors diverged markedly. Capital is focusing on short-term hot stocks with unusual movements, highlighting structural opportunities and pronounced sector differentiation, while investors' overall risk appetite remains cautious

- The Hong Kong stock market experienced adjustments, with the Hang Seng Index down 1.02% to 25,845.79 points.  
- Semiconductor stocks rallied due to rising AI computing demands, notably with Cambricon Technologies increasing by 20% and reporting a significant revenue growth of 159.56% year-on-year.  
- Investors remain cautious due to global economic conditions, while sector performance is creating structural trading opportunities in tech and consumer segments.

LB Select

GIGADEVICE

ILUVATAR COREX

RIMBACO

WELLCELL HOLD

TSUN YIP HLDGS

Hong Kong Stocks Intraday | Three Major HK Indices Retreat Collectively; Chip and Insurance Sectors Strengthen; SMIC Leads in Turnover