Market Overview▪ As of the current time, the three major stock indices in Hong Kong are collectively under pressure, with market sentiment appearing sluggish;▪ The Hang Seng Index is trading at 25595.65 points, down 1.15%, retracing some of last week's gains;▪ The Hang Seng Tech Index is trading at 4828.17 points, down 0.66%. The tech index is relatively resilient, with a smaller decline than the broader market;▪ The Hang Seng China Enterprises Index is trading at 8584.68 points, down 0.81%, with large-cap blue chips generally experiencing pullbacks.Sector Performance▪ The technology sector experienced a sharp intraday decline, with the Hang Seng Tech Index falling 0.66%, indicating pressure within the sector. Leading stocks such as Tencent Holdings, Alibaba, and Xiaomi Group were all down intraday, falling 2.12%, 1.67%, and 1.04% respectively, with active trading, reflecting short-term profit-taking or increased risk aversion among major funds.▪ AI and semiconductor sectors showed divergent performance. DEEPEXI TECH surged 32.06% intraday, XUNCE rose 19.23%, and ILUVATAR COREX increased 15.82%. These stocks moved significantly higher against the market trend during the adjustment, with funds chasing AI and chip growth opportunities. In contrast, SMIC fell 1.12% intraday, indicating clear rotation of hot themes within the sector.Macroeconomic Background▪ The Hong Kong stock market has recently focused on economic indicators such as annual import and export rates, reflecting fluctuations in external demand and the resilience of the local economy. Changes in relevant data and policy dynamics guide fund allocation and sector performance. Investor sentiment is more sensitive, with trading focus shifting towards sectors with certain earnings and policy benefits.Featured Stocks▪ DEEPEXI TECH (1384.HK) surged 32.06% intraday, with a turnover of HKD 1.513 billion. Hong Kong stocks related to AI applications collectively strengthened, with significant capital inflows and sector linkage, driving a rapid increase in the company's market value and greatly boosting market attention.▪ XUNCE (3317.HK) rose 19.23% intraday, with a turnover of HKD 1.528 billion. As an AI concept stock, the company is being chased by active funds, with the market showing short-term optimism regarding its sustained growth and technological breakthroughs, leading to increased industry attention.▪ Different Group (6090.HK) surged 25.16% intraday, with a turnover of HKD 220 million. There were significant active capital inflows, improving the company's liquidity and boosting its short-term market recognition and media attention.▪ ILUVATAR COREX (9903.HK) rose 15.82% intraday, with a turnover of HKD 267 million. The semiconductor industry as a whole performed strongly, with ILUVATAR COREX benefiting from the sector's momentum and market sentiment, experiencing a volume-driven rise and further recognition of its growth potential.▪ MGC HOLDINGS (22.HK) rose 27.45% intraday, with a turnover of HKD 1.07 million, with no recent relevant news.Top 10 Market Turnover Stocks▪ Tencent Holdings (700.HK) Latest trading price HKD 493.80, a decrease of 2.12%, with a turnover of HKD 3.151 billion▪ FiberHome Telecommunication Technologies (6869.HK) Latest trading price HKD 212.40, a decrease of 4.50%, with a turnover of HKD 2.396 billion▪ Alibaba -W (9988.HK) Latest trading price HKD 123.40, a decrease of 1.67%, with a turnover of HKD 2.146 billion▪ BYD Company Limited (1211.HK) Latest trading price HKD 109.80, an increase of 4.47%, with a turnover of HKD 2.038 billion▪ POP MART INTERNATIONAL (9992.HK) Latest trading price HKD 151.20, an increase of 0.20%, with a turnover of HKD 1.964 billion▪ XUNCE (3317.HK) Latest trading price HKD 369.60, an increase of 19.23%, with a turnover of HKD 1.528 billion▪ DEEPEXI TECH (1384.HK) Latest trading price HKD 58.90, an increase of 32.06%, with a turnover of HKD 1.513 billion▪ Xiaomi Corporation -W (1810.HK) Latest trading price HKD 30.58, a decrease of 1.04%, with a turnover of HKD 1.212 billion▪ SMIC (981.HK) Latest trading price HKD 57.60, a decrease of 1.12%, with a turnover of HKD 994 million▪ CNOOC Limited (883.HK) Latest trading price HKD 26.54, an increase of 0.08%, with a turnover of HKD 946 million

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As of intraday trading, the three major stock indices in Hong Kong are collectively under pressure, with market sentiment appearing sluggish. The Hang Seng Index is trading at 25595.65 points, down 1.15%, retracing some of last week's gains. In terms of market performance, AI applications and semiconductor sectors have shown strong offensive capabilities, breaking through the general decline of blue-chip stocks. Stocks such as DEEPEXI TECH, XUNCE, and ILUVATAR COREX surged on high volume, reflecting that major funds continue to highly focus on technology sub-sectors with solid growth logic during market adjustments

- As of now, Hong Kong's three major indices are under pressure, with the Hang Seng Index at 25,595.65 points, down 1.15%.  
- Notable stocks include Dipu Technology, which surged 32.06%, and Xunce, which rose 19.23%, driven by strong interest in AI and semiconductor sectors.  
- Market sentiment is increasingly sensitive to economic indicators, with a shift toward stocks with predictable earnings and those benefiting from policy changes.

LB Select

DEEPEXI TECH

XUNCE

ILUVATAR COREX

TENCENT

BABA-W

XIAOMI-W

BUTONG GROUP

MEXAN

YOFC

BYD COMPANY

POP MART

SMIC

CNOOC

Hang Seng Index

Hong Kong Stocks Intraday | Hang Seng Index Down 1.15% Losing Key Level, AI and Semiconductors Strong Against Market Trend, DEEPEXI TECH Surges Over 32%