--- title: "Hong Kong Midday: Hang Seng Gives Up Early Gains; AI Stocks Surge on Nvidia, Zhipu Catalysts; Hansoh Pharma Soars 13%" type: "News" locale: "en" url: "https://longbridge.com/en/news/297112440.md" description: "Hang Seng opened 121 pts higher before turning negative. AI-linked names rally on Nvidia earnings and Zhipu model buzz. Hansoh Pharma jumps over 13% post-results. Consumer stocks broadly weaker." datetime: "2026-08-27T02:22:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297112440.md) - [en](https://longbridge.com/en/news/297112440.md) - [zh-HK](https://longbridge.com/zh-HK/news/297112440.md) generator: "portal-rs" --- # Hong Kong Midday: Hang Seng Gives Up Early Gains; AI Stocks Surge on Nvidia, Zhipu Catalysts; Hansoh Pharma Soars 13% On August 27, Hong Kong's three major indices opened higher but diverged in early trading. As of press time, the Hang Seng Index stood at **25,588 points**, down 0.25% or roughly 64 points, after touching an intraday high of 25,792 points. The Hang Seng China Enterprises Index slipped 0.36% to **8,502 points**, while the Hang Seng Tech Index edged up 0.18% to **4,634 points**. About 50 minutes into the session, market turnover reached approximately **HK$75.7 billion**. **AI-related stocks rally across the board; Montage Technology up over 7%** As of press time, Montage Technology (06809.HK) surged over 7% to HK$288.2; TianShu Zhixin (09903.HK) rose over 6% to HK$388.6; Zhipu (02513.HK) gained nearly 6% to HK$1,089; Hua Hong Semiconductor (01347.HK) advanced over 3% to HK$121.5; and SMIC (00981.HK) added 2% to HK$71.1. On the news front, Nvidia reported Q2 revenue of **US$96 billion**, doubling year-on-year, and for the first time offered a FY28 annual growth guidance of approximately **70%**, far exceeding the market's 44% consensus estimate. Its shares rose nearly 5% after hours. Separately, Zhipu confirmed that the anonymous AI model "Ox Alpha" — which went viral on OpenRouter — is the latest generation of its GLM series, with usage more than double that of DeepSeek, further fuelling the AI sector rally. **Pharma stocks mixed; Hansoh Pharmaceutical skyrockets over 13%** Hansoh Pharmaceutical (03692.HK) soared over 13% to HK$36.1. The company reported interim net profit of **RMB4.258 billion**, up 35.8% year-on-year; innovative drug revenue reached approximately RMB7.092 billion, up 15.4%, with its contribution rising to 85.4%. The interim dividend was raised 23% to 28.5 HK cents. On the flip side, WuXi XDC (02268.HK) fell over 4% to HK$73.9 after controlling shareholder WuXi AppTec placed approximately 53.5 million shares through Morgan Stanley, cashing out nearly **HK$4 billion**. **Tech giants mixed; Baidu gains nearly 6%** Baidu (09888.HK) jumped nearly 6% to HK$96.2, buoyed by expectations of Stock Connect inclusion following its conversion to dual-primary listing. Tencent (00700.HK) inched up 0.8% to HK$449. Alibaba (09988.HK), Meituan (03690.HK) and Xiaomi (01810.HK) edged lower, all down less than 2%. **Consumer stocks broadly weaker; Feihe tumbles nearly 10%** China Feihe (06186.HK) slumped nearly 10% to HK$2.96 after reporting interim net profit of **RMB837 million**, down 16.3% year-on-year, with its interim dividend of 8.28 HK cents slashed by over 30% — the lowest since listing. Mengniu Dairy (02319.HK) fell nearly 6% to HK$17.63. Chow Sang Sang (00116.HK) retreated nearly 5% to HK$15.82 on profit-taking following its results. **Handset supply chain firms advance; Sunny Optical up nearly 3% post-results** Sunny Optical (02382.HK) rose nearly 3% to HK$64.3, after reporting interim profit of **RMB1.808 billion**, up 9.9% year-on-year. The market is also eyeing Apple's potential September launch of its first foldable iPhone. FIT HON TENG (06088.HK) surged over 5% to HK$5.26, while Q Tech (01478.HK) gained over 3% to HK$5.79. ### Related Stocks - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [03692.HK](https://longbridge.com/en/quote/03692.HK.md) - [02268.HK](https://longbridge.com/en/quote/02268.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [06186.HK](https://longbridge.com/en/quote/06186.HK.md) - [02319.HK](https://longbridge.com/en/quote/02319.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [06088.HK](https://longbridge.com/en/quote/06088.HK.md) - [01478.HK](https://longbridge.com/en/quote/01478.HK.md) ## Related News & Research - [Alibaba chair buys another 720,000 company HK shares](https://longbridge.com/en/news/296888632.md) - [Sunny Optical Technology (Group) (SEHK:2382) Jumped, So What Is Driving Attention Now?](https://longbridge.com/en/news/297149733.md) - [Alibaba Issues 710 Million New Shares in Hong Kong Placement, Expands Share Capital in Late August 2026](https://longbridge.com/en/news/297031549.md) - [SUNNY OPTICAL 1H Net Profit Up 9.9% to RMB1.808B; No Interim Dividend](https://longbridge.com/en/news/297061650.md) - [Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan](https://longbridge.com/en/news/296721260.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**