--- title: "Hong Kong Midday: Hang Seng Gains Narrow to 45 Points; Software Stocks Jump, Kingdee Up Nearly 7%" type: "News" locale: "en" url: "https://longbridge.com/en/news/297273673.md" description: "Hang Seng Index pares gains to around 45 pts at 25,611. Software stocks rally on Salesforce's 23% surge, with Kingdee up nearly 7%. Handset supply chain gains, BYD Electronic up over 6%." datetime: "2026-08-28T06:18:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297273673.md) - [en](https://longbridge.com/en/news/297273673.md) - [zh-HK](https://longbridge.com/zh-HK/news/297273673.md) generator: "portal-rs" --- # Hong Kong Midday: Hang Seng Gains Narrow to 45 Points; Software Stocks Jump, Kingdee Up Nearly 7% On August 28, Hong Kong stocks opened lower but reversed higher on the futures expiry day, though gains narrowed significantly in the afternoon. As of press time, the Hang Seng Index edged up **0.18%** or about **45 points** to **25,611.38**, after touching an intraday high of **25,699**. The Hang Seng Tech Index dipped **0.07%** to **4,617.25**, while the HSCEI added **0.17%** to **8,504.89**. Market turnover reached approximately **HK$158.9 billion**. On the sector front, software stocks rallied broadly after US-listed Salesforce surged **23%** overnight, while the handset supply chain also performed strongly. AI-related names gained, with SenseTime rising over **4%**. On the downside, Orient Overseas International slumped over **9%** to lead blue-chip losers, while biopharma stocks Akeso and Zhihu Inc. weakened, and gaming stocks broadly retreated. **Software Stocks Surge Across the Board; Kingdee Jumps Nearly 7%** As of press time, Kingdee International (00268.HK) surged nearly **7%** to **HK$8.99** on turnover of approximately **HK$640 million**. The rally was fueled by US-listed Salesforce, which delivered better-than-expected quarterly results and skyrocketed **23%** in a single session, lifting SaaS and cybersecurity stocks including ServiceNow and CrowdStrike. Analysts suggested the market had overreacted to fears of AI disrupting traditional software, and the sector's resilience has exceeded expectations. Hong Kong software stocks were buoyed by the sentiment, with commentator Zhang Zhiwei expressing a preference for Kingdee International. **Handset Supply Chain Strengthens; BYD Electronic Gains Over 6%** As of press time, BYD Electronic (00285.HK) rose over **6%** to **HK$24.82**, while Sunny Optical (02382.HK) added more than **3%** to **HK$66.30**. Apple concept stocks were firm, with Lens Technology touching a one-month high. The move came after sources indicated that Apple's foldable iPhone could still launch alongside the iPhone 18 Pro in September, improving market expectations for supply chain sentiment. **AI and Lithium Stocks Active; SenseTime Rises Over 4%** As of press time, SenseTime-W (00020.HK) climbed over **4%** to **HK$1.49** on turnover near **HK$1.2 billion**. Kingboard Laminates (01888.HK) added over **3%** to **HK$45.46** on turnover of about **HK$3.56 billion**. Lithium stocks extended their recovery, with Tianqi Lithium (09696.HK) rising over **3%** to **HK$38.24** and Ganfeng Lithium (01772.HK) edging up **0.6%**. Among resource plays, Aluminum Corporation of China (02600.HK) gained about **3%** to **HK$8.72**. **Tech Majors Diverge; Tencent and Xiaomi Gain, Alibaba and JD.com Slide** Large-cap tech stocks were mixed. Tencent Holdings (00700.HK) rose over **1%** to **HK$455**; Xiaomi Corp (01810.HK) added nearly **2%** to **HK$27.94**; and Bilibili (09626.HK) gained **2%** to **HK$132.3**. On the flip side, Alibaba Group (09988.HK) fell nearly **2%** to **HK$113.6**; JD.com (09618.HK) dropped over **1%** to **HK$110.8**; and Meituan (03690.HK) was nearly flat at **HK$77.55**. **Orient Overseas Plunges Over 9% as Top Loser; Akeso and Zhihu Weaken** As of press time, Orient Overseas International (00316.HK) tumbled over **9%** to **HK$155.4** after reporting a **23%** decline in first-half profit and a dividend cut, making it the worst-performing blue-chip. Akeso (09926.HK) fell nearly **6%** to **HK$95.35**. Zhihu Inc. (02513.HK) dropped over **5%** to **HK$1,100**. Among mainland property names, Shimao Group (00813.HK) plunged over **13%** to **HK$0.058**. In the gaming sector, Galaxy Entertainment (00027.HK) declined about **2%**, while Sands China (01928.HK) and Melco International (00200.HK) both edged lower. ### Related Stocks - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [09696.HK](https://longbridge.com/en/quote/09696.HK.md) - [01772.HK](https://longbridge.com/en/quote/01772.HK.md) - [02600.HK](https://longbridge.com/en/quote/02600.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09626.HK](https://longbridge.com/en/quote/09626.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [09926.HK](https://longbridge.com/en/quote/09926.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [01928.HK](https://longbridge.com/en/quote/01928.HK.md) ## Related News & Research - [Sands China shifts to alternative HKEX public float rule after stake buy drops float below 25%](https://longbridge.com/en/news/297631055.md) - [Citi Forecasts KB LAMINATES to Raise Prices Again in Early Oct; Buy Rating Reiterated](https://longbridge.com/en/news/297724159.md) - [Xiaomi Auto signs first German dealers, paving way for 2027 European sales](https://longbridge.com/en/news/297923860.md) - [Xiaomi says August vehicle deliveries stayed above 30,000 as Sky Nomad launch nears](https://longbridge.com/en/news/297580701.md) - [Xiaomi to launch Sky Nomad EREV SUV lineup on September 7](https://longbridge.com/en/news/297716880.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**