--- title: "\"Hong Kong Stock STAR Market\" rises for three consecutive days! 526050 daily line climbs step by step along MA5! Lenovo Group surges 8%, Goldman Sachs raises target price!" type: "News" locale: "en" url: "https://longbridge.com/en/news/288201089.md" description: "On June 1st, the Hong Kong stock market's hard technology sector was strong, with the China Merchants CSI HK Connect Information Technology Composite ETF (526050) rising by 2.15%, marking three consecutive daily increases. Lenovo Group surged by 8.08%, driven by favorable AI infrastructure agreements and financial reports, with Goldman Sachs raising its target price to HKD 27. This ETF tracks the CSI HK Connect Information Technology Composite Index and heavily invests in leading companies such as SMIC and Xiaomi, and is referred to as the \"Hong Kong Stock Science and Technology Innovation Board\" due to its exclusion of internet stocks" datetime: "2026-06-01T02:17:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288201089.md) - [en](https://longbridge.com/en/news/288201089.md) - [zh-HK](https://longbridge.com/zh-HK/news/288201089.md) --- # "Hong Kong Stock STAR Market" rises for three consecutive days! 526050 daily line climbs step by step along MA5! Lenovo Group surges 8%, Goldman Sachs raises target price! On the morning of June 1st, the Hong Kong stock market's hard technology sector continued its strong performance. As of 10:10 AM, the China Merchants CSI HK Connect Information Technology Composite ETF (526050) rose by 2.15%, peaking at a 2.90% increase during the session, aiming for a third consecutive daily rise. Among the major weighted stocks, Lenovo Group surged by 8.08%, SMIC increased by 2.51%, Xiaomi Group-W rose by 1.85%, Hua Hong Semiconductor slightly increased by 0.06%, while ASMPT experienced a slight pullback. From a technical perspective, this ETF's daily chart shows a stepwise upward movement along the MA5 moving average, with a MACD golden cross and a gentle expansion of the red bars, indicating good volume-price coordination. In terms of news, Lenovo Group signed a next-generation AI infrastructure agreement with the Tianjin municipal government, planning to invest in the construction of an AI computing power product R&D and manufacturing center, with mass production expected by 2027. Lenovo's latest financial report shows a 27% year-on-year increase in revenue for the fourth fiscal quarter, with adjusted net profit doubling and AI-related revenue accounting for 38%. Goldman Sachs significantly raised its target price to HKD 27. Analysts point out that the implementation of Lenovo's AI infrastructure agreement and the ongoing super cycle in storage are continuously reflected in the performance of leading hard technology stocks in the Hong Kong market. The China Merchants CSI HK Connect Information Technology Composite ETF (526050) is expected to achieve a third consecutive rise, highlighting its investment value. It is understood that the China Merchants CSI HK Connect Information Technology Composite ETF (526050) tracks the CSI HK Connect Information Technology Composite Index, with its top ten holdings covering leading hard technology companies such as Lenovo Group, SMIC, Hua Hong Semiconductor, Zhaoyi Innovation, and Xiaomi Group-W, excluding internet stocks, and is referred to by netizens as the "Hong Kong Stock Innovation Board." ### Related Stocks - [00992.HK](https://longbridge.com/en/quote/00992.HK.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [LNVGY.US](https://longbridge.com/en/quote/LNVGY.US.md) - [159131.CN](https://longbridge.com/en/quote/159131.CN.md) - [588000.CN](https://longbridge.com/en/quote/588000.CN.md) - [588780.CN](https://longbridge.com/en/quote/588780.CN.md) - [159636.CN](https://longbridge.com/en/quote/159636.CN.md) - [07226.HK](https://longbridge.com/en/quote/07226.HK.md) - [526050.CN](https://longbridge.com/en/quote/526050.CN.md) - [159325.CN](https://longbridge.com/en/quote/159325.CN.md) - [159995.CN](https://longbridge.com/en/quote/159995.CN.md) - [515880.CN](https://longbridge.com/en/quote/515880.CN.md) - [159801.CN](https://longbridge.com/en/quote/159801.CN.md) - [159516.CN](https://longbridge.com/en/quote/159516.CN.md) - [07552.HK](https://longbridge.com/en/quote/07552.HK.md) - [512480.CN](https://longbridge.com/en/quote/512480.CN.md) - [159539.CN](https://longbridge.com/en/quote/159539.CN.md) - [159998.CN](https://longbridge.com/en/quote/159998.CN.md) - [512760.CN](https://longbridge.com/en/quote/512760.CN.md) - [588170.CN](https://longbridge.com/en/quote/588170.CN.md) - [512720.CN](https://longbridge.com/en/quote/512720.CN.md) - [159994.CN](https://longbridge.com/en/quote/159994.CN.md) - [159583.CN](https://longbridge.com/en/quote/159583.CN.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [00522.HK](https://longbridge.com/en/quote/00522.HK.md) - [603986.CN](https://longbridge.com/en/quote/603986.CN.md) - [80992.HK](https://longbridge.com/en/quote/80992.HK.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [03986.HK](https://longbridge.com/en/quote/03986.HK.md) ## Related News & Research - [Key facts: Lenovo Leads Q1 PC Shipments; Numans to Sell 4M Shares](https://longbridge.com/en/news/287834538.md) - [Numans Health Food Seeks Mandate to Sell Remaining Lenovo Stake](https://longbridge.com/en/news/287708639.md) - [Unitree IPO approved, Meituan-backed group emerges as top shareholder](https://longbridge.com/en/news/288374409.md) - [Lenovo Shares Continue to Surge As Investors Re-examine Its Potential](https://longbridge.com/en/news/287712538.md) - [06:05 ETLenovo and Frore Systems collaborate to bring Future Innovation to market with AirJet®Mini](https://longbridge.com/en/news/287896616.md)