---
title: "HK Stocks Close | Three Major Indices Rise Collectively; Semiconductor and Gold Sectors Lead Gains, Tech Weights Show Divergent Trends"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285335619.md"
description: "Hong Kong stocks closed on May 6 with all three major indices in the green, led by the Hang Seng Index which rose 1.22%. Driven by a surge in global AI computing demand and better-than-expected earnings from overseas giants like AMD, the semiconductor sector exploded, with SMIC and Montage Technology delivering standout performances. Additionally, rising risk-off sentiment pushed the gold and non-ferrous resource sectors higher, while the mainland property and financial sectors also saw a collective rebound. However, significant divergence emerged among tech heavyweight stocks: Tencent Holdings attracted over HK$18.7 billion in turnover, topping the market, but its share price retreated"
datetime: "2026-05-06T08:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285335619.md)
  - [en](https://longbridge.com/en/news/285335619.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285335619.md)
---

# HK Stocks Close | Three Major Indices Rise Collectively; Semiconductor and Gold Sectors Lead Gains, Tech Weights Show Divergent Trends

**Market Overview**

▪ Hong Kong stocks closed with slight gains across the three major indices;

▪ The Hang Seng Index closed at 26,213.780 points, up 1.22%;

▪ The Hang Seng Tech Index closed at 4,969.200 points, up 0.80%;

▪ The SOE Index closed at 8,800.750 points, up 0.80%.

**Sector Performance and Hot Stocks**

**Semiconductor Sector Surges, Leading the Market Amid AI Computing Demand**

▪ Montage Technology (06809.HK) surged 16.56% to HK$321

▪ GigaDevice (03986.HK) rose over 14% to HK$531.5

▪ Hua Hong Semiconductor (01347.HK) rose nearly 9%

▪ SMIC (00981.HK) rose 5.58% to HK$74.75, with turnover reaching HK$16.19 billion.

**Gold and Non-Ferrous Resource Sector Stands Out**

▪ Zijin Gold International (02259.HK) surged 7.6% to HK$161.4;

▪ CMOC Group (03993.HK) rose over 5%;

▪ Zijin Mining (02899.HK) rose nearly 5%;

▪ Ganfeng Lithium (01772.HK) followed with a 2.72% gain.

Mainland Property and Financial Sectors Rebound Collectively

▪ Significant capital inflow into property leaders, with China Overseas Land & Investment (00688.HK) rising nearly 7%

▪ China Resources Land (01109.HK) rose over 6.5%, with combined turnover for the two stocks exceeding HK$2.5 billion

Financial Sector Benefits from Easing Rate Hike Expectations

▪ HSBC Holdings (00005.HK) rose over 3%

▪ China Life Insurance (02628.HK) and China Construction Bank (00939.HK) saw broad gains.

AI Concepts Active, But Tech Weights Show Divergent Trends

▪ Meitu (01357.HK) surged over 10%

▪ Baidu Group-SW (09888.HK) rose nearly 5%. However, large-cap weights faced pressure

▪ Tencent Holdings (00700.HK) fell 2.12% to HK$462.2, with turnover of HK$18.77 billion, topping the market;

▪ BYD Company (01211.HK) fell over 2%; Meituan-W (03690.HK) fell over 1%.

**Macro Background**

▪ Technology and Computing Theme: AMD's Q1 earnings exceeded expectations, with data center revenue surpassing Intel's for the first time. Coupled with Infineon's raised full-year sales outlook and comments from Micron Technology executives about AI driving the memory industry into "crazy expansion," multiple positive industry factors resonated to push the semiconductor sector higher. Furthermore, NVIDIA CEO Jensen Huang's optimistic remarks further boosted market confidence in AI applications and asset value re-rating.

▪ Geopolitical Situation and Risk-Off Sentiment: Geopolitical disturbances continued, including the halt of Trump's "Freedom Plan" and uncertainty regarding navigation in the Strait of Hormuz. Combined with a sharp short-term rise in the yen, market risk-off sentiment heated up rapidly, directly driving up precious metal and non-ferrous resource prices and lifting related sectors.

**Top 10 Market Turnover**

▪ Tencent Holdings Latest price HK$462.20, down 2.12%, turnover HK$18.8 billion

▪ SMIC Latest price HK$74.75, up 5.58%, turnover HK$16.2 billion

▪ Tracker Fund of Hong Kong Latest price HK$26.32, up 1.15%, turnover HK$15.5 billion

▪ Alibaba-W Latest price HK$134.20, up 2.29%, turnover HK$14.6 billion

▪ Hang Seng China Enterprises Index ETF Latest price HK$90.18, up 0.71%, turnover HK$7.5 billion

▪ Xiaomi Corporation-W Latest price HK$30.66, up 0.66%, turnover HK$6.1 billion

▪ Hua Hong Semiconductor Latest price HK$129.50, up 8.82%, turnover HK$5.8 billion

▪ CATL Latest price HK$668.50, up 2.06%, turnover HK$5.5 billion

▪ YOFC Latest price HK$216.20, down 4.25%, turnover HK$5.3 billion

▪ CSOP SK Hynix 2x Leveraged ETF Latest price HK$71.56, up 19.27%, turnover HK$5.0 billion

### Related Stocks

- [01347.HK](https://longbridge.com/en/quote/01347.HK.md)
- [00005.HK](https://longbridge.com/en/quote/00005.HK.md)
- [06809.HK](https://longbridge.com/en/quote/06809.HK.md)
- [00981.HK](https://longbridge.com/en/quote/00981.HK.md)

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