--- title: "Hong Kong Stock Midday Review | Hang Seng Index rises 1.46% in the morning, Tencent leads the Hang Seng TECH Index" type: "News" locale: "en" url: "https://longbridge.com/en/news/288361842.md" description: "The Hong Kong Hang Seng Index rose 1.46% to 25,768 points in the morning session, while the Hang Seng TECH Index increased by 3.48%. Tencent led the gains, surging over 7% due to the upcoming launch of its WeChat AI assistant; Alibaba, gaming stocks, and AI-related concept stocks such as WEIMOB INC and Kingsoft Cloud performed strongly. Gold stocks were generally under pressure and declined due to the situation in the Middle East and expectations of interest rate hikes by the Federal Reserve" datetime: "2026-06-02T04:06:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288361842.md) - [en](https://longbridge.com/en/news/288361842.md) - [zh-HK](https://longbridge.com/zh-HK/news/288361842.md) --- # Hong Kong Stock Midday Review | Hang Seng Index rises 1.46% in the morning, Tencent leads the Hang Seng TECH Index According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose by 1.46%, up 370 points, closing at 25,768 points; the Hang Seng TECH Index increased by 3.48%. The turnover of Hong Kong stocks in the morning session reached HKD 200.1 billion. Tencent (00700) surged 7.75% in the morning session, reportedly nearing the launch of the WeChat AI assistant. Alibaba-W (09988) rose over 5%, with its subsidiary Qianwen officially releasing Qwen 3.7-Plus. Gaming stocks continued to rise. In May, Macau's gaming revenue increased by 6.7% year-on-year, and a media tycoon may spend USD 18 billion to acquire MGM. MGM China (02282) rose 7%; Wynn Macau (01128) rose 4%. VST Holdings (00856) surged over 13%, reaching a new high, as its storage products have entered the supply chains of major companies like Alibaba. Weimob Inc (02013) soared 16%, with Weimob Marketing launching the Tianxuan AI Influencer Smart Selection System. Kingsoft Cloud (03896) rose over 7%, as the company positions itself in the AI cloud infrastructure sector, with intelligent computing cloud accounting for over 50% for the first time in the first quarter. China National Heavy Duty Truck Group (03808) rose over 9%, with heavy truck sales in April increasing nearly 40% year-on-year, maintaining high prosperity in the heavy truck industry. SF Intra-city (09699) rose over 5%, with institutions indicating that the expansion of instant retail is expected to offset the high base of the catering industry. Yangtze Optical Fibre and Cable (06869) rose over 9%, driven by the AI super cycle, with institutions predicting that the supply shortage situation will continue. Zai Lab Limited-B (09939) rose over 8% again, with KX-826 announcing two important clinical research data at WCHR 2026. China Innovation Aviation (03931) rose over 5% before noon, with Citigroup indicating that strong demand for ESS and EV batteries will support the company's high shipment growth. Gold stocks were generally under pressure, with fluctuating gold prices due to the unstable situation in the Middle East and rising expectations for Federal Reserve interest rate hikes. Tongguan Gold (00340) fell 2.7%; Zijin Mining International (02259) fell 2.78% ### Related Stocks - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [KC.US](https://longbridge.com/en/quote/KC.US.md) - [02013.HK](https://longbridge.com/en/quote/02013.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [03896.HK](https://longbridge.com/en/quote/03896.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [YANG.US](https://longbridge.com/en/quote/YANG.US.md) - [YINN.US](https://longbridge.com/en/quote/YINN.US.md) - [MGM.US](https://longbridge.com/en/quote/MGM.US.md) - [02282.HK](https://longbridge.com/en/quote/02282.HK.md) - [01128.HK](https://longbridge.com/en/quote/01128.HK.md) - [00856.HK](https://longbridge.com/en/quote/00856.HK.md) - [03808.HK](https://longbridge.com/en/quote/03808.HK.md) - [000951.CN](https://longbridge.com/en/quote/000951.CN.md) - [09699.HK](https://longbridge.com/en/quote/09699.HK.md) - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [601869.CN](https://longbridge.com/en/quote/601869.CN.md) - [09939.HK](https://longbridge.com/en/quote/09939.HK.md) - [03931.HK](https://longbridge.com/en/quote/03931.HK.md) - [00340.HK](https://longbridge.com/en/quote/00340.HK.md) - [02259.HK](https://longbridge.com/en/quote/02259.HK.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [ZTE Aims to Help Build Global ‘Digital Rainforest’ Amid Computing Power Boom, CDO Says](https://longbridge.com/en/news/288206367.md) - [US-China AI funding race hits record highs amid tech rivalry](https://longbridge.com/en/news/287472903.md) - [Kingsoft Cloud Announces Unaudited First Quarter 2026 Financial Results | KC Stock News](https://longbridge.com/en/news/287758080.md) - [TikTok Owner ByteDance Is Reportedly Offering AI Staff A Sweet Deal As Talent War Heats Up](https://longbridge.com/en/news/287641148.md) - [FACTBOX-From Saudi Aramco to Alibaba: World's biggest IPOs](https://longbridge.com/en/news/288308317.md)