Hong Kong Stocks Intraday | Three Major Indices Diverge, Semiconductor Stocks Surge Across the Board, SMIC Jumps Over 10%

Market Overview ▪ During intraday trading in Hong Kong, the three major indices showed divergent performance. ▪ As of now, the Hang Seng Index stands at 26,042 points, up 0.55%, rising for two consecutive days; ▪ The Hang Seng Tech Index reported 4,988.32 points during the session, with its gain widening to 1.19%; ▪ The SOE Index stood at 8,757.2 points, up 0.31% during the session, also continuing its rebound trend. Sector Performance Semiconductor Sector Surges Collectively; Montage Technology Rises Nearly 18% ▪ Montage Technology (06809.HK) rose 17.79% to HK$324.4, with turnover nearing HK$870 million; ▪ ILUVATAR COREX (09903.HK) rose 16.61% to HK$649.5, with turnover nearing HK$500 million; ▪ GigaDevice (03986.HK) rose 14.38% to HK$533; ▪ Hua Hong Semiconductor (01347.HK) rose 11.76% to HK$133, with turnover exceeding HK$2.1 billion; ▪ SMIC (00981.HK) rose 10.81% to HK$78.45, with turnover of approximately HK$7.85 billion, ranking first in city-wide turnover. ▪ On the news front, AMD released its Q1 2026 financial results, reporting revenue of $10.25 billion, a year-on-year increase of 38%, surpassing the market expectation of $9.9 billion. Data center business revenue grew 57% year-on-year, becoming the main growth engine. The company provided strong guidance for Q2, expecting revenue to reach $11.2 billion, far exceeding analysts' expectations of $10.5 billion. Driven by this, AMD jumped over 10% in after-hours trading, and the U.S. chip index closed at a record high, with Micron and SanDisk both rising more than 10%. Huafu Securities pointed out that the tech bull market is resonating globally, and the performance of domestic computing power companies is beginning to materialize. PCB and Electronic Manufacturing Sectors Strengthen; Kingboard Laminates Rises Over 9% ▪ Kingboard Laminates (01888.HK) rose 9.22% to HK$39.32; ▪ FIT Hon Teng (06088.HK) rose 4.73% to HK$8.41; ▪ ASMPT (00522.HK) rose 6.18% to HK$173.4; ▪ ZTE Corporation (00763.HK) rose 8.05% to HK$28.18. ▪ The continuous expansion of AI computing demand, coupled with news such as Apple negotiating chip foundry services, has driven simultaneous strength across the upstream and downstream semiconductor supply chain. Automobile and Oil & Gas Stocks Fall Against the Trend; Geely Auto Drops 4% ▪ Geely Auto (00175.HK) fell 4% to HK$22.08; ▪ BYD Company (01211.HK) fell 1.58% to HK$99.4; ▪ CNOOC (00883.HK) fell 3.64% to HK$27.52; ▪ PetroChina (00857.HK) fell nearly 1%; ▪ YOFC (06869.HK) fell 6.38% to HK$211.4. Top 10 by Turnover ▪ SMIC (00981) HK$78.45, up 10.81%, turnover HK$7.85 billion ▪ Tencent Holdings (00700) HK$467.0, down 1.1%, turnover HK$4.63 billion ▪ Alibaba-W (09988) HK$134.3, up 2.36%, turnover HK$4.29 billion ▪ YOFC (06869) HK$211.4, down 6.38%, turnover HK$2.68 billion ▪ Tracker Fund of Hong Kong (02800) HK$26.22, up 0.77%, turnover HK$2.65 billion ▪ Xiaomi Group-W (01810) HK$30.98, up 1.71%, turnover HK$2.47 billion ▪ CATL (03750) HK$652.5, down 0.38%, turnover HK$2.14 billion ▪ Hua Hong Semiconductor (01347) HK$133.0, up 11.76%, turnover HK$2.11 billion ▪ CSOP SK Hynix 2x Leveraged Product (07709) HK$70.74, up 17.9%, turnover HK$1.81 billion ▪ CNOOC (00883) HK$27.52, down 3.64%, turnover HK$1.18 billion