--- title: "Hong Kong stocks intraday | The three major indices fluctuate narrowly, semiconductor and robotics concepts explode, technology heavyweight stocks collectively adjust" type: "News" locale: "en" url: "https://longbridge.com/en/news/285891458.md" description: "On May 11th, during intraday trading, the Hong Kong stock market overall showed a pattern of narrow fluctuations and significant sector differentiation, with the Hang Seng Technology Index slightly up by 0.10%. Boosted by high expectations for the Korean memory chip market, the semiconductor industry chain surged across the board, with Tianyue Advanced rising over 22%; the production schedule for Tesla's humanoid robot catalyzed related concepts, leading to a 127% surge on the first day of listing for LeDong Robotics. On the other hand, due to cautious sentiment ahead of the U.S. inflation data disclosure and delayed interest rate cut expectations, major internet technology stocks generally retreated, with Alibaba and Baidu leading the declines. In addition, domestic property stocks and the optical communication sector performed actively during the day" datetime: "2026-05-11T06:33:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285891458.md) - [en](https://longbridge.com/en/news/285891458.md) - [zh-HK](https://longbridge.com/zh-HK/news/285891458.md) --- # Hong Kong stocks intraday | The three major indices fluctuate narrowly, semiconductor and robotics concepts explode, technology heavyweight stocks collectively adjust **Market Overview** ▪ During the trading session of Hong Kong stocks, the three major indices showed a narrow fluctuation and differentiation pattern; ▪ The Hang Seng Index closed at 26,391.31 points, down 0.01%; ▪ The Hang Seng Tech Index closed at 5,107.97 points, up 0.10%; ▪ The State-owned Enterprises Index closed at 8,887.80 points, down 0.01%. **Sector Performance and Hot Stocks** **The semiconductor sector surged across the board, with storage and foundry directions attracting capital.** ▪ Tianyue Advanced (02631.HK) surged 22%, closing at HKD 86; Montage Technology (06809.HK) rose 16.88%; ▪ Shenghong Technology (02476.HK) rose nearly 14%; Zhaoyi Innovation (03986.HK) rose 11.43%; ▪ SMIC (00981.HK) rose nearly 5%, with a transaction volume of HKD 6.87 billion; Hua Hong Semiconductor (01347.HK) rose 3.52%; ▪ XL 二 NAND Hynix (07709.HK) skyrocketed 24.24%, XL 二 NAND Samsung (07747.HK) rose 7.30%. **Robot concept stocks showed unusual movements, with mass production expectations catalyzing capital inflow** ▪ Ledong Robotics (01236.HK) surged 127% on its first day, closing at HKD 59.85, with a transaction volume of about HKD 830 million; ▪ Hongteng Precision (06088.HK) rose over 9%, closing at HKD 9.91. **Tech heavyweight stocks generally retreated** ▪ Alibaba-W (09988.HK) fell 3.45%, closing at HKD 134.2, with a transaction volume of nearly HKD 10 billion; ▪ Baidu Group-SW (09888.HK) fell 2.89%; Kuaishou-W (01024.HK) fell 1.70%; ▪ Tencent Holdings (00700.HK) fell 1.36%, closing at HKD 465. Despite Alibaba's Qianwen and Taobao being fully integrated, the market reacted lukewarmly to the AI e-commerce news. **Real estate, optical communication, and other sectors strengthened** ▪ China Resources Land (01109.HK) rose nearly 5%, China Overseas Land & Investment (00688.HK) rose 3.83%; ▪ Changfei Optical Fiber and Cable (06869.HK) rose 5.45%, Cambridge Technology (06166.HK) rose nearly 6%; ▪ BYD Company (01211.HK) rose 1.65%, receiving a favorable outlook from Morgan Stanley with an "overweight" rating and a target price of HKD 120. **Macroeconomic Background** ▪ On the news front, different sectors face distinctly different macro and industrial logic catalysts. ▪ In terms of industry and computing power, JP Morgan significantly raised its target for the South Korean Kospi index, coupled with SK Hynix's profit doubling expectations and huge bonuses being revealed, reflecting that the storage chip industry is in a very high prosperity level driven by AI demand, directly igniting bullish sentiment in Hong Kong's semiconductor sector; at the same time, Tesla's Optimus V3 mass production timeline has been established, marking a shift in the humanoid robot industry's logic from thematic speculation to value verification, with the foundry segment becoming the focus of capital competition. ▪ In terms of macro and liquidity, the market remains cautious about the upcoming U.S. April CPI data (expected to rise year-on-year to 3.8%). Goldman Sachs has significantly delayed its U.S. interest rate cut expectations to December 2026 due to persistent inflation, and expectations of tightening liquidity have suppressed the overall performance of Hong Kong's tech heavyweight stocks **Market Trading Volume TOP10** ▪ Yingfu Fund (02800.HK) Latest trading price HKD 26.54, increase of 0.15%, trading volume HKD 10.4 billion ▪ Alibaba-W (09988.HK) Latest trading price HKD 134.20, decrease of 3.45%, trading volume HKD 10 billion ▪ Tencent Holdings (00700.HK) Latest trading price HKD 465.00, decrease of 1.36%, trading volume HKD 9.1 billion ▪ Hang Seng China Enterprises (02828.HK) Latest trading price HKD 91.18, increase of 0.11%, trading volume HKD 7.3 billion ▪ XL Southern Hynix (07709.HK) Latest trading price HKD 97.50, increase of 24.24%, trading volume HKD 7.1 billion ▪ SMIC (00981.HK) Latest trading price HKD 77.00, increase of 4.98%, trading volume HKD 6.9 billion ▪ Kuaishou-W (01024.HK) Latest trading price HKD 52.05, decrease of 1.70%, trading volume HKD 5.1 billion ▪ Hua Hong Semiconductor (01347.HK) Latest trading price HKD 135.40, increase of 3.52%, trading volume HKD 4.4 billion ▪ Southern Hang Seng Technology (03033.HK) Latest trading price HKD 4.992, decrease of 0.12%, trading volume HKD 3.9 billion ▪ Changfei Optical Fiber and Cable (06869.HK) Latest trading price HKD 259.40, increase of 5.45%, trading volume HKD 3.4 billion ### Related Stocks - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [YINN.US](https://longbridge.com/en/quote/YINN.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) ## Related News & Research - [The Most Crowded Trade On Earth Is Cracking](https://longbridge.com/en/news/286808606.md) - [This tech stock doesn't need AI to win. 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