Hong Kong Stock Market Midday Review | Hang Seng Index up 0.04% in the morning session, Alibaba rises over 6%

The Hong Kong Hang Seng Index rose slightly by 0.04% to 25,895 points in the morning session, while the Hang Seng TECH Index increased by 0.74%. Alibaba surged over 6% due to the release of a new AI model, with the AI application sector being active. Nuclear power concept stocks collectively rose, driven by the approval of 8 units in China. The photovoltaic sector was influenced by regulatory tightening, with XINYI SOLAR leading the gains. Some companies, such as KINGBOARD HLDG and YUM China, showed positive performance or business progress, while BII TRANS TECH and INSPUR DIGI ENT fell due to profit warnings

According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose 0.04% in the morning session, up 11 points, reporting 25,895 points; the Hang Seng Tech Index rose 0.74%. The turnover of Hong Kong stocks in the morning session was HKD 142.7 billion.

Alibaba-W (09988) rose 6.75%, releasing the Qianwen 3.8-MAX artificial intelligence model, which has 24 trillion parameters.

The State Administration for Market Regulation has taken action to rectify the "involution" in the photovoltaic sector. Xinyi Solar (00968) rose over 9%, leading blue chips, while Flat Glass Group (06865) rose 10%.

AI applications are once again active, and the "software eating the world" theory is gradually being corrected, with model capability iteration and Token invocation forming support. Mingyue Technology (02718) rose 11%; Haizhi Technology Group (02706) rose another 9%; Kingdee International (00268) rose 4%.

Nuclear power concept stocks collectively rose. China has approved 8 nuclear power units, and the entire industry chain is expected to welcome a high prosperity cycle. Dongfang Electric (01072) rose 8.55%; Harbin Electric (01133) rose 4.6%; Shanghai Electric (02727) rose over 4%; China General Nuclear Power (01816) rose 2%.

Haiguang Chip (01191) rose over 15%, securing procurement orders for 10 million DSP chips for the 2027 fiscal year.

KINGBOARD HLDG (00148) rose 5%, expecting mid-term net profit to increase by over 4% year-on-year, with significant profit growth in the copper-clad laminate division.

Dajin Heavy Industry (01081) rose over 5% again, with the KING series No. 3 ship expected to be delivered by the end of September this year.

Dexiang Real Estate (00199) rose over 11%, with a 1GW green AI computing power base established in Nantong Yangkou Port, accelerating the company's evolution towards the NeoCloud platform.

YUM China (09987) rose over 3%, with same-store sales and profit margins improving in Q2 26, and the acquisition of the Pizza Hut brand imminent.

BII TRANS TECH (01522) fell 11%, expecting to turn from profit to loss of up to HKD 60 million in the first half of the year.

INSPUR DIGI ENT (00596) fell 4.5% after issuing a profit warning, expecting mid-term net profit attributable to the parent company to decline by over 60% year-on-year.

Jingneng Clean Energy (00579) fell over 9%, expecting mid-term net profit to decrease by about 25% to 35% year-on-year.

The South Korean Kospi index fell, and CSOP 2x Long SK Hynix (07709) fell over 14%, with a turnover of nearly HKD 4 billion