--- title: "HK Stock Market Midday Review | Three Major Indices Fluctuate Narrowly; JD and Meituan Lead Internet Sector Gains; CPO and PCB Concepts Surge Across the Board" type: "News" locale: "en" url: "https://longbridge.com/en/news/286194773.md" description: "At the midday close of HK stocks on May 13, the three major indices showed mixed performance, maintaining an overall narrow fluctuation pattern, with the Hang Seng Tech Index rising slightly by 0.52%. Divergence emerged within the internet sector, where JD and Meituan performed strongly, driven by earnings expectations and industry potential, leading gains among tech heavyweights. Catalyzed by positive news from Nvidia's supply chain, CPO and PCB concept stocks rallied collectively, with FIT Hon Teng surging over 10%. Meanwhile, Pop Mart weakened due to a pullback in overseas performance, and Geely Auto led declines in the new energy vehicle sector" datetime: "2026-05-13T04:13:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286194773.md) - [en](https://longbridge.com/en/news/286194773.md) - [zh-HK](https://longbridge.com/zh-HK/news/286194773.md) --- # HK Stock Market Midday Review | Three Major Indices Fluctuate Narrowly; JD and Meituan Lead Internet Sector Gains; CPO and PCB Concepts Surge Across the Board **Market Overview** ▪ At the midday close, the three major HK stock indices generally exhibited narrow fluctuations; ▪ The Hang Seng Index closed at 26,416.980 points, up 0.26%; ▪ The Hang Seng Tech Index closed at 5,096.930 points, up 0.52%; ▪ The SOE Index closed at 8,891.620 points, up 0.10%. **Sector Performance and Hot Stocks** **Strong Performance from JD and Meituan; Divergent Trends Among Internet Leaders** ▪ JD-SW (09618.HK) surged over 7% to HK$126.8; Meituan-W (03690.HK) rose over 5% to HK$88.45. The market holds optimistic expectations for JD's user growth in the first quarter. ▪ Tencent Holdings (00700.HK) rose 1.3% to HK$463.2; while Alibaba-W (09988.HK) fell nearly 1%, and Kuaishou-W (01024.HK) dropped nearly 2%. Although Kuaishou benefited from valuation boosts due to its AI spin-off, it was suppressed by factors such as slowing core business growth. **CPO and PCB Concepts Strengthen Across the Board; AI Hardware Supply Chain Catalyzed** ▪ FIT Hon Teng (06088.HK) soared over 10% to HK$10.28. Reports indicated that Foxconn's all-optical CPO cabinets were delivered to Nvidia ahead of schedule, with shipment targets significantly revised upward. ▪ Han's CNC (03200.HK) rose nearly 15%, AAC Technologies (02018.HK) gained over 9%, and Kingboard Laminates (01888.HK) increased by nearly 5%. Nvidia's Q1 revenue forecast exceeding expectations and news of Jensen Huang's visit to China continued to benefit the supply chain. **Pop Mart's Overseas Business Pulls Back; Competition Intensifies in New Energy Vehicle Sector** ▪ Pop Mart (09992.HK) fell over 1% to HK$160.6. Management stated that high overseas growth saw a significant pullback as traffic from hit products declined. ▪ Geely Auto (00175.HK) dropped nearly 5% to HK$21.46; BYD Company (01211.HK) fell nearly 2%. Although BYD leads in market share, competition in the sector has further intensified. **Significant Divergence Within the Semiconductor Sector** ▪ Innoscience (02345.HK) rose over 10%, while SMIC (00981.HK) fell more than 2%, and Hua Hong Semiconductor (01347.HK) dipped slightly. **Macro Background** ▪ High Prosperity in AI Hardware: Significant upward revisions in shipment volumes from Nvidia's supply chain, coupled with strong earnings guidance, directly drove the valuation repair of related CPO and PCB concept stocks in the HK market. ▪ Gaming Between Consumption and New Energy: The logic behind the overseas expansion of the trendier toy leader faces traffic tests, while the Chinese new energy vehicle market share is highly concentrated, putting greater price and competitive pressure on second-tier manufacturers. **Top 10 Market Turnover** ▪ Tracker Fund of Hong Kong (02800.HK) Last traded at HK$26.58, up 0.38%, with turnover of HK$6.2 billion ▪ Tencent Holdings (00700.HK) Last traded at HK$463.20, up 1.31%, with turnover of HK$5.8 billion ▪ Alibaba-W (09988.HK) Last traded at HK$132.10, down 0.90%, with turnover of HK$5.2 billion ▪ CSOP Double Long Hynix (07709.HK) Last traded at HK$100.00, up 8.72%, with turnover of HK$4.5 billion ▪ SMIC (00981.HK) Last traded at HK$74.85, down 2.28%, with turnover of HK$3.8 billion ▪ Pop Mart (09992.HK) Last traded at HK$160.60, down 1.41%, with turnover of HK$3.7 billion ▪ CSOP Hang Seng TECH Index ETF (03033.HK) Last traded at HK$4.986, up 0.36%, with turnover of HK$3.4 billion ▪ Hang Seng China Enterprises Index ETF (02828.HK) Last traded at HK$91.18, flat, with turnover of HK$2.9 billion ▪ Hua Hong Semiconductor (01347.HK) Last traded at HK$129.20, down 0.23%, with turnover of HK$2.6 billion ▪ Meituan-W (03690.HK) Last traded at HK$88.45, up 5.11%, with turnover of HK$2.3 billion ### Related Stocks - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [06088.HK](https://longbridge.com/en/quote/06088.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [02577.HK](https://longbridge.com/en/quote/02577.HK.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [09992.HK](https://longbridge.com/en/quote/09992.HK.md) - [00175.HK](https://longbridge.com/en/quote/00175.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [02018.HK](https://longbridge.com/en/quote/02018.HK.md) - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [03200.HK](https://longbridge.com/en/quote/03200.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [02828.HK](https://longbridge.com/en/quote/02828.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [HPPD.SG](https://longbridge.com/en/quote/HPPD.SG.md) - [80175.HK](https://longbridge.com/en/quote/80175.HK.md) - [GELHY.US](https://longbridge.com/en/quote/GELHY.US.md) - [GELYY.US](https://longbridge.com/en/quote/GELYY.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [81024.HK](https://longbridge.com/en/quote/81024.HK.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [301200.CN](https://longbridge.com/en/quote/301200.CN.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) - [HYDD.SG](https://longbridge.com/en/quote/HYDD.SG.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) ## Related News & Research - [JD.com, Inc. Class A (9618) Gets a Buy from China Merchants Securities](https://longbridge.com/en/news/286363442.md) - [JD.com Announces First Quarter 2026 Results | JD Stock News](https://longbridge.com/en/news/286072462.md) - [OpenAI board member didn't look at the internet after firing Sam Altman](https://longbridge.com/en/news/286006427.md) - [JD.com Starts 2026 with Revenue Growth and Stronger Retail Margins Despite Profit Decline](https://longbridge.com/en/news/286078055.md) - [“We are working on subscription models across multiple CPOs” – Wilhelm Henriksson, Plugsurfing](https://longbridge.com/en/news/286395937.md)