HK Stocks Intraday: Three Major Indices Rise Moderately, Semiconductor Sector Surges, Mainland Property and Gold Stocks Shine

Market Overview ▪ During intraday trading, Hong Kong's three major indices rose moderately; ▪ The Hang Seng Index stood at 26,154.61 points, up 0.99%; ▪ The H-Shares Index stood at 8,790.23 points, up 0.68%; ▪ The Hang Seng Tech Index stood at 4,968.95 points, up 0.80%. Sector Performance and Hot Stocks ▪ The semiconductor sector strengthened across the board, showing a significant capital attraction effect. Montage Technology (06809.HK) surged more than 14% to HK$315.2; SMIC (00981.HK) rose 5.23% to HK$74.5, with turnover exceeding HK$14.4 billion, ranking first in the city; Hua Hong Semiconductor (01347.HK) rose nearly 10%, with turnover exceeding HK$4.8 billion; GigaDevice (03986.HK) rose more than 11%. Related leveraged ETFs also soared, with the Samsung Leveraged ETF (07747.HK) skyrocketing more than 27%. ▪ Mainland property, gold, and non-ferrous metal stocks performed strongly. Mainland property stocks rebounded collectively, with China Resources Land (01109.HK) and China Overseas Land & Investment (00688.HK) both surging more than 6%. Gold and non-ferrous metal sectors rose in tandem, with Zijin Gold International (02259.HK) up more than 7%, CMOC Group (03993.HK) up nearly 5%, and Zijin Mining (02899.HK) up more than 4%. ▪ Tech internet stocks diverged, while oil and gas stocks retreated against the trend. Among internet heavyweights, Baidu Group (09888.HK) surged more than 5%, and Alibaba (09988.HK) rose nearly 3% with turnover approaching HK$11.9 billion; whereas Tencent Holdings (00700.HK) fell nearly 2%, and Meituan (03690.HK) dropped more than 1%. Weighed down by news, the oil and gas sector faced pressure, with CNOOC (00883.HK) falling nearly 3% and PetroChina (00857.HK) dropping nearly 2%. Macro Background ▪ On the news front, the global semiconductor industry welcomed multiple significant positives. Samsung Electronics' market capitalization surpassed $1 trillion, AMD's Q1 financial report and server CPU market expectations improved significantly, coupled with news of Apple negotiating chip foundry cooperation, driving the Philadelphia Semiconductor Index in the US to its highest level since 2000, greatly boosting bullish sentiment for Hong Kong's semiconductor sector. On the other hand, Trump's "Freedom Plan" was halted just one day after implementation, signs of easing appeared in the Middle East situation, causing international oil prices to come under downward pressure, dragging down Hong Kong's oil and gas sector. Top 10 Market Turnover ▪ SMIC Latest price HK$74.50, up 5.23%, turnover HK$14.5 billion ▪ Tencent Holdings Latest price HK$463.00, down 1.95%, turnover HK$12.4 billion ▪ Alibaba -W Latest price HK$134.90, up 2.82%, turnover HK$11.9 billion ▪ Tracker Fund of Hong Kong Latest price HK$26.24, up 0.85%, turnover HK$9.3 billion ▪ Hang Seng China Enterprises Index ETF Latest price HK$89.92, up 0.42%, turnover HK$4.9 billion ▪ Xiaomi Corporation -W Latest price HK$30.68, up 0.72%, turnover HK$4.8 billion ▪ Hua Hong Semiconductor Latest price HK$130.80, up 9.92%, turnover HK$4.8 billion ▪ Yangtze Optical Fibre and Cable Latest price HK$216.00, down 4.34%, turnover HK$4.6 billion ▪ CATL Latest price HK$663.50, up 1.30%, turnover HK$4.4 billion ▪ XL II South Samsung Latest price HK$132.20, up 27.36%, turnover HK$2.1 billion