<p>The market continues to anticipate a de-escalation of the Middle East conflict, with the Nasdaq and S&amp;P 500 reaching historic highs overnight, coupled with China's first-quarter GDP growth of 5%, exceeding expectations and surprising the market. The AI concept in Hong Kong stocks has reignited, with major tech stocks performing well, driving the Hang Seng Index to open higher and rise steadily, stabilizing above 26,000 for the first time in nearly a month, closing at 26,394 points, up 446 points, marking a three-day consecutive rise and a total increase of 734 points, reaching the highest level since early March. The total market turnover was HKD 256.2 billion. Northbound capital saw a net inflow of HKD 4.291 billion, marking the second consecutive day of inflows.</p>
<h2>Tech Index Reaches 5000 Again</h2>
<p>The Hang Seng Index opened 175 points higher, which was the day's low. As mainland economic data was released and tech stocks expanded their gains, the index rose throughout the day, peaking with a gain of 456 points, closing at 26,394 points, up 446 points. The China Enterprises Index closed at 8,905 points, up 186 points; the Tech Index returned to the 5000 mark, closing at 5,092 points, up 180 points or 3.7%.</p>
<h2>AI Computing Power Prices Increase, Baidu Up 8%</h2>
<p>Global demand for computing power is rapidly increasing, prompting several computing power companies to raise product prices, reigniting the AI hype. Tech stocks supported the market, with Alibaba (9988) raising prices again for its Alibaba Cloud to respond to changes in computing power market costs, while also launching the open-world model product HappyOyster. Alibaba's stock price surged 5.6%, closing at HKD 135.8, contributing over 110 points to the market. Baidu (9888) rose 7.7%, closing at HKD 123.3; Tencent (700) gained 3.6%, closing at HKD 517; Meituan (3690) also rose 2.8%, closing at HKD 88.75.</p>
<h2>MINIMAX Soars 6%, Wall Street Technology Jumps 27% to New Highs</h2>
<p>AI large model stocks have quickly rebounded, with MINIMAX (100) surging 6.3%, closing at HKD 900.5; Zhihui (2513) rose 1.8%, closing at HKD 883; XunCe (3317) jumped 10.1%, closing at HKD 344.4.</p>
<p>Chip stocks also benefited from the ongoing AI hype, with Wall Street Technology (6082) soaring 26.6%, closing at HKD 48.86, reaching a new high since its listing; TianShu Intelligent Chip (9903) rose 17.5%, closing at HKD 435.8; Zhaoyi Innovation (3986) increased 13.4%, closing at HKD 462.4; Lanqi Technology (6809) bounced up 8%, closing at HKD 218.6.</p>
<h2>CATL Surges 9%, Best Performing Blue Chip</h2>
<p>CATL (3750) reported a 48% increase in profit for the first quarter to RMB 20.738 billion, exceeding expectations, with its stock price soaring 9%, closing at HKD 714.5, making it the best-performing blue chip. Peers also performed well, with Zhengli New Energy (3677) rising 6.3%, closing at HKD 8.1; JunDa Shares (2865) up 4.3%, closing at HKD 33.14; ZhongChuang Innovation (3931) increased 1.4%, closing at HKD 37.82
In terms of individual stocks, newly listed company SiGe New Energy (6656) closed at HKD 659.5, a significant increase of 103% compared to the offering price of HKD 659.5. Excluding transaction fees, one lot shows a profit of HKD 33,530. Longpan Technology (2465) is expected to turn a profit in the first quarter year-on-year, benefiting from increased downstream demand for lithium iron phosphate, with its stock price soaring 23% to close at HKD 16.32.</p>
<h2>Liang Jiewen expects fluctuations between 24,000 and 27,000 points</h2>
<p>Liang Jiewen, investment manager at Hong Gao Securities, stated that both the U.S. and Iran have expressed willingness to enter negotiations, enhancing market expectations that the situation in the Middle East will not deteriorate temporarily. Funds are flowing back into the stock market, and AI and technology stocks have once again become market hotspots, driving overall investment sentiment to warm up, thus pushing Asian stock markets, including Hong Kong stocks, upward. However, he emphasized that in the medium term, the market's expectations regarding the pressure from high oil prices have not yet been reflected. He anticipates that the Hang Seng Index may return to around 26,600 points, prior to the escalation of the Middle East conflict, but still maintains a fluctuating market pattern, with a range of 24,000 to 27,000 points, and advises investors to moderately reduce holdings on rallies and not to blindly chase high prices.</p>
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<p>1215: The Hang Seng Index opened 175 points higher this morning and continued to rise, with the increase at one point expanding to 373 points, reaching a high of 26,320 points; by noon, it closed near the high at 26,306 points, up 358 points or 1.38%, with half-day turnover of HKD 129.7 billion. The Tech Index reported 5,057 points at noon, up 146 points or 2.98%.</p>
<h2>Alibaba Cloud Raises Prices Again</h2>
<p>Among heavyweight blue-chip stocks, ATM stocks all rose, with Alibaba (9988) and Tencent (700) increasing by 4.6% and 2.8%, respectively. Meituan (3690) also rose by 2.5%, and BYD (1211) increased by 4.6%, contributing the most shares to the Hang Seng Index.</p>
<p>In terms of news, Alibaba's subsidiary Alibaba Cloud has raised prices again to cope with changes in the computing power market costs. The company will moderately adjust the service prices for some Model Unit (MU) model units, affecting the large model service platform Bai Lian, with increases ranging from 2% to 7%.</p>
<p>In addition to ATM stocks, several AI-related stocks have also surged. Among them, Dipo (1384) rose over 19%; Baidu (9888) rose over 8%; XunCe (3317) rose 4.5%; and ZhiPu (2513) rose over 4%.</p>
<h2>MINIMAX Launches &#34;MaxHermes&#34;</h2>
<p>As for MINIMAX (100), it rose over 5% in half a day, announcing the launch of &#34;MaxHermes,&#34; a cloud-based self-evolving AI assistant built on the Hermes Agent. According to the introduction, under a unique learning closed-loop mechanism, after completing a complex task, MaxHermes automatically extracts reusable Skills, saving them as independent files; in subsequent uses, these Skills will be loaded as needed and continuously improved based on new usage feedback
On the other hand, in terms of the price fluctuations of blue-chip stocks, Contemporary Amperex Technology Co., Limited (3750) saw a significant increase of 10.3% in half a day, leading the best performers. In the first quarter, it earned 48% more, reaching RMB 20.738 billion, with revenue increasing by 52% to RMB 129.131 billion; at the same time, the company plans to establish a subsidiary, Times Resources Group, with a registered capital of RMB 30 billion, to serve as a professional investment operation and management platform in the field of new energy minerals. Additionally, foreign media reported that senior executives at Contemporary Amperex are leading efforts to remove the company from the U.S. Department of Defense's list of Chinese military-affiliated enterprises.</p>
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<p>0930: U.S. President Trump stated that an agreement between the U.S. and Iran is &#34;very likely&#34; to be reached before British King Charles III visits the U.S. in late April; other reports indicate that the U.S. and Iran are considering extending the ceasefire deadline by two weeks to allow more time for peace negotiations.</p>
<p>As tensions in the Middle East have lessened their impact on the market, U.S. stocks generally performed well on Wednesday, with the S&amp;P 500 and Nasdaq reaching historic highs. The S&amp;P 500 briefly hit 7026 points, closing up 55 points or 0.8% at 7022 points; the Nasdaq rose for the 11th consecutive time, briefly reaching 24026 points, closing up 376 points or 1.59% at 24016 points; however, the Dow Jones Industrial Average fell, closing down 72 points or 0.15% at 48463 points. The Golden Dragon Index, which reflects the performance of Chinese concept stocks, rose 0.75% to 7068 points on Wednesday.</p>
<h2>Tesla's Self-Developed Chip Progresses, Stock Price Rises Over 7%</h2>
<p>Among the market focus stocks, Tesla (TSLA) has successfully completed the tape-out of its self-developed A15 AI inference chip, primarily aimed at its autonomous driving computing platform and Dojo supercomputer cluster, which is expected to significantly reduce its reliance on external chips. CEO Elon Musk has boldly stated that this chip will become &#34;one of the highest-volume AI chips in the world&#34; in the future. The stock closed at HKD 391.95, up 7.6%.</p>
<p>In the Hong Kong stock market, the Hang Seng Index opened 175 points or 0.68% higher at 26122 points. Tech stocks generally rose, with Alibaba (9988) opening up 2.4%; Tencent (700) up 1.5%; Meituan (3690) up 0.6%; Xiaomi (1810) up 0.5%; JD.com (9618) up 2.2%; and Baidu (9888) also up 3.5%.</p>
<h2>Contemporary Amperex Earns 48% More, Reportedly Seeks Removal from &#34;Military-Related Enterprises&#34;</h2>
<p>In individual stock news, Contemporary Amperex Technology Co., Limited (3750) earned 48% more in the first quarter, reaching RMB 20.738 billion, with revenue increasing by 52% to RMB 129.131 billion; at the same time, the company plans to establish a subsidiary, Times Resources Group, with a registered capital of RMB 30 billion, to serve as a professional investment operation and management platform in the field of new energy minerals. Additionally, foreign media reported that senior executives at Contemporary Amperex are leading efforts to remove the company from the U.S. Department of Defense's list of Chinese military-affiliated enterprises. The stock opened at HKD 684.5, up 4.4%</p>
<h2>Sigenergy Public Offering Over-Subscribed by More Than 1,100 Times</h2>
<p>In the new stock market, Sigenergy (6656) officially listed today, with the public offering portion being over-subscribed by approximately 1,101 times, and the winning rate for one lot is 2%. The international placement was over-subscribed by 30.2 times. The stock opened at HKD 581, up 79% from the offering price of HKD 324.2, allowing a profit of HKD 25,680 for each lot of 100 shares.</p>
<p>Regarding the northbound capital flow, there was a net purchase of HKD 4.221 billion in Hong Kong stocks yesterday, with Pop Mart (9992), Semiconductor Manufacturing International Corporation (981), and CanSino Biologics (9926) receiving net purchases of HKD 775 million, HKD 693 million, and HKD 166 million, respectively; while Alibaba (9988), Geely Automobile (175), and Yangtze Optical Fibre and Cable (6869) faced net sales of HKD 679 million, HKD 566 million, and HKD 559 million, respectively</p>

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<p>The Hang Seng Index opened high and rose, closing at 26,394 points, up 446 points, marking a three-day increase. The market was influenced by the easing of tensions in the Middle East and China's GDP growth exceeding expectations. AI concept stocks performed strongly, with Alibaba's stock price rising by 5.6% and Baidu increasing by 7.7%. The tech index returned to 5,000 points, with a trading volume of HKD 256.2 billion, and net inflow from the northbound trading was HKD 4.291 billion. The demand for AI computing power is rising, prompting related companies to raise prices, boosting market sentiment</p>

- The stock market showed optimism after easing tensions in the Middle East, with U.S. indices like NASDAQ and S&P hitting record highs, and China's GDP growth surpassing expectations at 5%.  
- Hong Kong's Hang Seng Index rose significantly, closing at 26,394 points, up 446 points, as AI-related stocks surged following price adjustments in computing power, particularly by Alibaba and Baidu.  
- Analysts predict the Hang Seng may fluctuate between 24,000 and 27,000 points amidst these trends, advising cautious trading strategies amid existing market pressures.

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The Hang Seng Index opened high and closed high, rising 446 points. Alibaba rose over 5%, leading the gains. AI stocks fell, and Liang Jiewen reminded to reduce holdings at high levels｜Hong Kong stock market closing