--- title: "Hong Kong stocks close (05.27) | Hang Seng Index falls 1.06%, semiconductor stocks rise against the trend, three new stocks soar on their first day" type: "News" locale: "en" url: "https://longbridge.com/en/news/287741730.md" description: "Hong Kong stocks fluctuated lower throughout the day, with the Hang Seng Index closing down 1.06% at 25,328.23 points. All three major indices fell over 1%, with a turnover of HKD 32.0758 billion. Semiconductor stocks rose against the trend, with CATL up 6.38%, leading blue chips. The Federal Reserve's hawkish tone may increase valuation adjustment pressure in the market" datetime: "2026-05-27T08:51:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287741730.md) - [en](https://longbridge.com/en/news/287741730.md) - [zh-HK](https://longbridge.com/zh-HK/news/287741730.md) --- # Hong Kong stocks close (05.27) | Hang Seng Index falls 1.06%, semiconductor stocks rise against the trend, three new stocks soar on their first day According to Zhitong Finance APP, Hong Kong stocks fluctuated lower throughout the day, with all three major indices falling over 1%. By the close, the Hang Seng Index fell 1.06% or 271.22 points, closing at 25,328.23 points, with a total turnover of HKD 32.0758 billion; the Hang Seng China Enterprises Index fell 1.33%, closing at 8,463.02 points; the Hang Seng Tech Index fell 0.79%, closing at 4,907.57 points. Guoyuan International believes that in the short term, the continued expansion of AI infrastructure demand supports the semiconductor sector, but as valuations continue to rise, the sensitivity of related sectors to negative news will increase. Currently, the tone within the Federal Reserve is more neutral to hawkish; although the likelihood of a rate hike in the short term is low, it cannot be completely ruled out. If there are unexpectedly hawkish statements in the future, it may increase the pressure for market valuation adjustments. ## **Blue Chip Performance** CATL (03750) led the blue chips. By the close, it rose 6.38%, closing at HKD 700, with a turnover of HKD 4.362 billion, contributing 8.82 points to the Hang Seng Index. Recently, the well-known Eastern European company Solarpro Holding successfully put into operation a large-scale energy storage project of 601MWh in cooperation with CATL in Bulgaria. After the project is put into operation, it will increase the national energy storage installed capacity in the region by about 15%, significantly increasing the energy share of wind and solar power. Based on this cooperation, Solarpro Holding and CATL have reached a long-term cooperation intention, planning to further expand the scale of energy storage projects in the next two years. In other blue chip stocks, Lenovo Group (00992) rose 4.45%, closing at HKD 19, contributing 8.78 points to the Hang Seng Index; BYD Electronics (00285) rose 3.49%, closing at HKD 29.06, contributing 1.25 points to the Hang Seng Index; CSPC Pharmaceutical Group (01093) fell 5.38%, closing at HKD 7.04, dragging down the Hang Seng Index by 5.09 points; China Resources Beer (00291) fell 4.15%, closing at HKD 24.02, dragging down the Hang Seng Index by 2.66 points. ## **Popular Sectors** On the market, most large tech stocks were under pressure, with Alibaba falling over 2% and Tencent down about 1%. Semiconductor stocks rose against the trend today, with the silicon carbide concept performing prominently, as the industry is expected to benefit significantly from AI power increments; AI application stocks strengthened, with Qunhe Technology soaring over 17% and MINIMAX rising over 10%; some lithium battery stocks rose, with CATL surging over 6%; a few power and coal stocks were in the green. On the other hand, non-ferrous metal stocks all retreated; automotive and domestic property stocks fell. **1.** **Semiconductor stocks rose against the trend, with silicon carbide concepts standing out.** By the close, Tianyue Advanced (02631) rose 16.77%, closing at HKD 127.4; Innoscience (02577) rose 8.22%, closing at HKD 80.3; Hua Hong Semiconductor (01347) rose 6.05%, closing at HKD 152.4; Zhaoyi Innovation (03986) rose 2.12%, closing at HKD 842.5. On Tuesday, Micron Technology surged over 19% in a single day, becoming the second company among the three major storage giants to reach a market value of USD 1 trillion after Samsung Electronics. On Wednesday morning, SK Hynix followed Micron's lead, with its market value also surpassing USD 1 trillion. It is reported that UBS released a report raising Micron's target price from USD 535 to USD 1,625, corresponding to a market value of up to USD 1.8 trillion In addition, Guosheng Securities' research report points out that the dual listing is imminent, with continuous breakthroughs in domestic advanced processes and advanced packaging; Huawei's new laws are expected to further accelerate the technological development of the domestic advanced process and advanced packaging industry. It is worth noting that the power architecture of AI data centers is accelerating the transition to 800V high-voltage direct current (HVDC), leading to a surge in demand for silicon carbide. Industry research data shows that the demand for silicon carbide in AI power is growing by 20% to 30% quarter-on-quarter, and the 800V architecture has transformed silicon carbide from an "optional" component to a "mandatory" one. Huaxi Securities predicts that the overall demand for SiC substrates in the power sector by 2030 is expected to approach 70 billion yuan, with nearly 8-fold growth anticipated, driven by significant capacity expansion in the 8-inch downstream FAB lines, which is expected to greatly stimulate substrate and equipment demand. **2.** **Non-ferrous metals lead the decline.** As of the close, Chifeng Gold (06693) fell 5.79% to HKD 32.86; Jiangxi Copper (00358) fell 4.25% to HKD 35.62; China Aluminum (02600) fell 3.62% to HKD 11.45. Reports of a new round of military activities by the U.S. in southern Iran and rising risks of Israeli actions against Hezbollah have rekindled market concerns about the potential escalation of conflicts. Additionally, Dudley, the former "number three" at the Federal Reserve and former president of the New York Fed, warned on Tuesday that the current rationale for interest rate cuts is "very weak," and the neutral rate may be higher than the Fed's assumptions. Shenwan Hongyuan believes that the ongoing geopolitical situation in the Middle East, rising energy prices, and concerns about stagflation combined with high asset volatility are putting overall pressure on the sector. Under the long-term drive of de-globalization, the logic from precious metals, bulk commodities to strategic minor metals has entered a new paradigm, and the non-ferrous sector is expected to continue to rise, with short-term volatility potentially providing good allocation opportunities for the year. ## **Popular Active Stocks** **New stocks collectively surged on their first day,** **as of the close, Shenyan Intelligent (02723) rose 265.77% to HKD 203; Yunyin Valley Technology (03310) rose 91.73% to HKD 39.9; Huaxida (00901) rose 86.59% to HKD 61.2.** Shenyan Intelligent, Huaxida, and Yunyin Valley Technology all made their debut on the Hong Kong Stock Exchange today. Among them, Yunyin Valley Technology became the "first domestic OLED display driver chip stock," Huaxida is a provider of smart home products, and Shenyan Intelligent leads the AI decision-making intelligent agent application track, with the three companies collectively raising over HKD 2 billion in net proceeds. **Yushijia Technology (01511) hits a new high.** **As of the close,** **it rose** **18.2%** **to** **HKD 76.95.** Yushijia Technology announced that based on the excellent operational performance and technical reliability of its previous autonomous driving tractors and buses, the company has recently successfully won a bid for 10 autonomous buses and 6 autonomous delivery vehicles from Xinjiang Airport (Group) Co., Ltd., which will further expand the coverage of autonomous driving services within the airport group and improve the airport's ground intelligent transportation network **XPeng-W** **(** **02026** **)** **rose throughout the day**. **As of the close,** **up 5.24%**, **at HKD 76.25**. XPeng released its Q1 2026 financial report, with total revenue of RMB 236 million in the first quarter, a year-on-year increase of 145%; gross profit of RMB 38.36 million, a year-on-year increase of 140.1%. The Robotaxi business set a new quarterly revenue record of RMB 59.12 million, a year-on-year increase of 395.4%. The company raised its 2026 Robotaxi business target: it expects annual Robotaxi revenue to exceed 3.5 times the 2025 level, with a fleet size of over 3,500 vehicles covering more than 20 cities domestically and internationally. **Sihuan Pharmaceutical** **(** **01093** **)** **plummeted in the afternoon**. **As of the close,** **down 5.38%**, **at HKD 7.04**. Sihuan Pharmaceutical released its Q1 2026 performance report, with revenue of RMB 6.465 billion, a year-on-year decrease of 7.8%; the reported profit attributable to shareholders was RMB 860 million, a year-on-year decrease of 41.8%. The decrease in reported profit was mainly due to higher licensing fee income in the same period last year. Excluding the impact of licensing fee income, the reported profit attributable to shareholders for this period was RMB 736 million, a decrease of 7.3% compared to the same period last year. **Eagle Precision (01286)** **was under pressure throughout the day**. **As of the close,** **down 5.41%**, **at HKD 9.96**. Eagle Precision announced that it plans to place a maximum of 60 million shares to no fewer than 6 independent professional and institutional investors in a back-to-back manner, accounting for approximately 3.08% of the company's enlarged issued share capital, at a price of HKD 9.10 per share, representing a discount of approximately 13.58% to the closing price of HKD 10.53 on May 26. 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