---
title: "Hong Kong stocks closed (06.02) | The Hang Seng Index rose by 2.52%, tech stocks staged a strong rebound, Tencent surged over 10% in a single day"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288391907.md"
description: "The three major indices of the Hong Kong stock market surged, with the Hang Seng Index closing up 2.52%, surpassing the 26,000 mark, and the Hang Seng TECH Index rising nearly 5%. Tencent Holdings soared over 10% in a single day, marking its largest increase in five years, boosted by news of the upcoming launch of the WeChat AI Agent; Meituan, JD.com, and other tech stocks also rebounded significantly. Soochow Securities believes that as the tech rally in the U.S. spreads to the mid and downstream sectors, the weight advantage of Hong Kong stocks in the AI application and software fields is expected to drive a strong rebound"
datetime: "2026-06-02T08:48:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288391907.md)
  - [en](https://longbridge.com/en/news/288391907.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288391907.md)
---

# Hong Kong stocks closed (06.02) | The Hang Seng Index rose by 2.52%, tech stocks staged a strong rebound, Tencent surged over 10% in a single day

According to Zhitong Finance APP, the three major indices of the Hong Kong stock market surged throughout the day, with the Hang Seng Index breaking through the 26,000 mark. The Hang Seng Tech Index soared nearly 5% driven by a collective surge in tech stocks. By the close, the Hang Seng Index rose 2.52% or 640.14 points to 26,038.32 points, with a total turnover of HKD 373.78 billion; the Hang Seng China Enterprises Index increased by 3% to 8,762.97 points; the Hang Seng Tech Index climbed 4.72% to 5,199.28 points.

Dongxing Securities believes that the current overseas tech rally is spreading from AI hardware to upstream application software and downstream sectors. Previously, the Hong Kong stock market was significantly weaker than the US, Korean, and Japanese stock markets, one important reason being that the market capitalization weight of AI hardware-related stocks in Hong Kong is relatively low, contributing limitedly to the index. If the US tech market continues to spread to the downstream, the market capitalization weight of AI applications, software, and related infrastructure in Hong Kong is significantly higher, which is expected to provide a strong rebound drive for the Hong Kong stock market.

## **Blue Chip Performance**

Tencent Holdings (00700) recorded its highest single-day gain in five years. By the close, it rose 10.46% to HKD 481.6, with a turnover of HKD 47.789 billion, contributing 184.07 points to the Hang Seng Index. According to media reports, Tencent is about to launch a WeChat AI Agent aimed at 1.4 billion Chinese users, which can help users complete various tasks within the application. According to two insiders, Tencent is testing the prototype of the Agent and plans to start the compliance process for the official release as early as this month.

In other blue-chip stocks, Meituan-W (03690) rose 9.27% to HKD 85.5, contributing 63.3 points to the Hang Seng Index; JD Group-SW (09618) increased by 6.85% to HKD 120.1, contributing 19.49 points to the Hang Seng Index; Lao Pu Gold (06181) fell 2.95% to HKD 527, dragging down the Hang Seng Index by 1.65 points; Innovent Biologics (01801) decreased by 2.53% to HKD 78.85, dragging down the Hang Seng Index by 5.34 points.

## **Popular Sectors**

On the market, large tech stocks sounded the counterattack horn, with Tencent soaring over 10%, Meituan rising over 9%, and Alibaba increasing over 6%; with impressive delivery data for May, automotive stocks collectively rose, with BYD surging over 6% and Nio soaring over 8%; frequent catalysts for robotics both domestically and internationally kept related concept stocks active; the copper rush in the US returned, with Jiangxi Copper Co., Ltd. rising over 10%. On the other hand, coal stocks faced downward pressure; biopharmaceutical stocks and consumer stocks fell.

**1\. Tech stocks staged a strong counterattack.** By the close, Tencent Holdings (00700) rose 10.46% to HKD 481.6; Meituan-W (03690) increased by 9.27% to HKD 85.5; JD Group-SW (09618) rose 6.85% to HKD 120.1; Alibaba-W (09988) increased by 6.60% to HKD 130.9.

Leading tech stocks were in full force today, driving the Hong Kong Hang Seng Tech Index to rise over 4% and strongly break through the 5,100-point mark. Media reports indicate that Tencent is about to launch a WeChat AI Agent aimed at 1.4 billion Chinese users, which can help users complete various tasks within the application; Alibaba's Qianwen officially released Qwen3.7-Plus; Meituan's AI assistant "Xiao Mei" will soon launch its collaboration with Tencent's Yuanbao. CMB International believes that Hong Kong stocks have the foundation for further upward movement. Against the backdrop of a global re-inflation cycle, corporate profit recovery, and the resonance of three catalysts: AI industry narrative and domestic substitution, both the Hang Seng Index and the Hang Seng TECH Index have further upward momentum.

**2\. Most robotics concept stocks rose.** As of the close, Cloudwalk (02670) rose 10.85% to HKD 324.8; UBTECH (09880) rose 6.92% to HKD 114.3; Hesai-W (02525) rose 6.34% to HKD 162.8; Lens Technology (06613) rose 5.13% to HKD 28.7.

On June 1, Yushu Technology's Sci-Tech Innovation Board IPO application passed the review by the Shanghai Stock Exchange listing committee. On the same day, NVIDIA CEO Jensen Huang announced that NVIDIA has partnered with Yushu Technology to launch the next-generation humanoid robot reference design H2 Plus, also known as the Isaac GR00T system, to accelerate innovation in the global humanoid robot industry. WanLian Securities believes that on the supply side, Tesla, Yushu Technology, Zhiyuan Robotics, and UBTECH are steadily advancing production rhythms; on the demand side, population aging and rising labor costs form a long-term driving force. Humanoid robots are expected to form an emerging industry, gradually transitioning from B-end to C-end, with vast market space in the future.

**3\. Copper stocks led the gains.** As of the close, Jiangxi Copper (00358) rose 10.40% to HKD 38.22; Minmetals Resources (01208) rose 6.25% to HKD 9.69; China Nonferrous Mining (01258) rose 6.06% to HKD 15.22.

The U.S. Department of Commerce will release the latest recommendations on refined copper import tariffs by June 30. Citigroup stated that due to concerns that the U.S. may impose import tariffs, bullish sentiment on copper prices has increased, with expectations of rising to USD 14,500 per ton in the next month. It is expected that copper prices will reach USD 15,000 per ounce in the next 6-12 months. Goldman Sachs stated that it has lowered its forecast for global copper mine supply growth in 2026 by 350,000 tons, while the growth of U.S. copper imports has exceeded expectations, prompting Goldman Sachs to significantly raise its forecast for the copper supply gap outside the U.S. market—from the previous 60,000 tons to 640,000 tons.

**4\. Automotive stocks performed unevenly.** As of the close, Nio-SW (09866) rose 8.34% to HKD 49.12; BYD Company (01211) rose 6.61% to HKD 96.75; XPeng Group-W (09868) rose 6.19% to HKD 72.0; Great Wall Motors (02333) fell 0.38% to HKD 10.61.

Several car companies recently announced their May "report cards." BYD sold 383,453 vehicles in May; from January to May, BYD Group's cumulative sales reached 1,405,039 vehicles; Great Wall Motors sold 100,400 vehicles in May, a year-on-year decrease of 1.79%; among the new car-making forces, Leapmotor delivered 81,569 units in May, a year-on-year increase of 81%, setting a new monthly delivery record; Nio followed closely, delivering 37,705 new cars in May, a year-on-year increase of 62.3% and a month-on-month rebound of 28.44% XPeng continues to show a mild recovery trend, delivering 32,158 new cars in May, a month-on-month increase of 3.73%; Li Auto, on the other hand, experienced a decline in both year-on-year and month-on-month comparisons, but its overall scale remains above 33,000 units.

**5\. Gaming stocks rise again.** As of the close, MGM China (02282) rose 7.74% to HKD 11.83; Wynn Macau (01128) rose 4.24% to HKD 5.9; Sands China (01928) rose 2.83% to HKD 16.35; Galaxy Entertainment (00027) rose 2.00% to HKD 32.62.

The Gaming Inspection and Coordination Bureau of Macau announced that the gross gaming revenue for May was MOP 22.611 billion, a year-on-year increase of 6.7%. On June 1, the bureau released data showing that Macau's gross gaming revenue for May was MOP 22.61 billion, a year-on-year increase of 6.7%, and a month-on-month increase of 13.7% compared to April's MOP 19.89 billion. In the first five months of this year, Macau's cumulative gaming revenue reached MOP 108.38 billion, a year-on-year increase of 10.9%. Notably, according to media reports, American media and entertainment tycoon Barry Diller proposed to acquire gaming giant MGM for USD 18 billion, including debt, corresponding to a premium of about 64%.

## **Popular Active Stocks**

**Wuyi Vision (06651) significantly rose. As of the close, it was up 22.48% to HKD 120.7.**

NVIDIA founder and CEO Jensen Huang delivered a keynote speech at the NVIDIA GTC Taipei 2026 in Taipei, where he announced the Alpamayo 2 Super model for the smart driving sector and advanced the DRIVE Hyperion global commercialization deployment plan. It is reported that Wuyi Vision is expected to further benefit from a new round of industrial upgrades through the physical simulation, scene reconstruction, and data closed-loop capabilities of the 51SIM platform.

**China National Heavy Duty Truck Group (03808) was strong throughout the day. As of the close, it was up 11.09% to HKD 41.86.**

According to preliminary data from the First Commercial Vehicle Network, in May 2026, approximately 103,000 heavy trucks were sold in China (wholesale basis, including exports and new energy), a month-on-month decrease of 12% compared to April this year, but an increase of about 16% compared to 89,000 units in the same period last year. The year-on-year growth rate has slowed compared to March (25%) and April (33%). This is also the highest sales volume for May in the past five years.

**Changfei Fiber Optic Cable (06869) saw both A and H shares rise. As of the close, it was up 10.75% to HKD 232.8.**

Shenwan Hongyuan pointed out that the telecom group-level centralized procurement has started, with the bidding limit price for some provinces raised from 2,500 yuan per kilometer (corresponding to a bare fiber price of 80+) to 2,600 yuan, indicating that demand elasticity remains stronger than the quantity-price game in the short term. After the price surge driven by drones and AI, and the supply-demand imbalance, the current demand for fiber optics driven by Scale-up, DCI, etc., will remain strong, and the industry is still in a significant upward cycle **Lenovo Group (00992) hits a new high. As of the close, it rose 5.31%, reaching HKD 26.58.**

On June 1, NVIDIA officially announced its entry into the personal computer processor market, focusing on general-purpose computing chips for computers. In addition, Goldman Sachs raised Lenovo Group's target price by 14.8%, from HKD 27 to HKD 31. It is expected that the company's Infrastructure Solutions Group (ISG), AI personal computers, and AI servers can drive a re-rating of the company, diversifying it and helping it escape the fiercely competitive consumer electronics market, while benefiting from the trend of generative AI development

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