Hong Kong stocks closed (07.21) | The Hang Seng Index fell 0.04%, Z.AI surged nearly 37% in a single day, and the semico…

The three major Hong Kong stock indices showed mixed performance, with the Hang Seng Index slightly down 0.04% and the Hang Seng TECH Index up 1.32%. Z.AI surged nearly 37% in a single day. Semiconductor and AI concept stocks rebounded strongly, with significant gains for SMIC and Hua Hong Grace. Lenovo Group led the blue chips, rising 8.5%, benefiting from performance growth and a breakthrough in AI server orders. Soochow Securities pointed out that Hong Kong stocks are in a window for catch-up gains, with future performance depending on the AI narrative in the US stock market, Federal Reserve policy, and domestic catalysts