--- title: "Hong Kong stock movement: ASMPT rises 11.99%, performance exceeds expectations and is supported by Morgan Stanley and Citigroup" type: "News" locale: "en" url: "https://longbridge.com/en/news/294472991.md" description: "ASMPT rose 11.99%; Chipbond Technology rose 18.08%, with a transaction volume of HKD 297 million; Tianyue Advanced rose 7.25%, with a transaction volume of HKD 169 million; Xinyi Solar rose 0.45%, with a transaction volume of HKD 103 million; Hantian Tiancheng rose 0.21%, with a market value of HKD 41.5 billion" datetime: "2026-07-31T07:42:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294472991.md) - [en](https://longbridge.com/en/news/294472991.md) - [zh-HK](https://longbridge.com/zh-HK/news/294472991.md) --- # Hong Kong stock movement: ASMPT rises 11.99%, performance exceeds expectations and is supported by Morgan Stanley and Citigroup **Hong Kong Stock Movement** ASMPT rose by 11.99%. Based on recent key news: 1. On July 29, ASMPT announced its second-quarter performance, with sales revenue increasing by 52% year-on-year and total new orders rising by 97.6%, exceeding market expectations and driving the stock price up. Source: Zhitong Finance 2. On July 30, JP Morgan released a report stating that ASMPT's performance and guidance far exceeded market expectations, benefiting from strong operational leverage and a recovery in its technology business, maintaining an overweight rating with a target price of HKD 225. Source: JP Morgan 3. On July 30, Citigroup reiterated its buy rating for ASMPT with a target price of HKD 250, pointing out that AI-driven advanced packaging orders and the recovery of the semiconductor business will support the company's revenue and profit growth. Source: Citigroup AI demand drives recovery in the semiconductor industry. **Stocks with High Trading Volume in the Industry** XMC rose by 18.08%. Based on recent key news: 1. On July 24, Norges Bank reduced its holdings in XMC by 113,100 shares at a price of HKD 303.9147 per share, totaling approximately HKD 34.3728 million. After the reduction, the latest number of shares held is about 1.2706 million, with a holding ratio of 8.61%. This move may attract market attention to the stock, leading to price fluctuations. 2. On July 29, XMC's stock price fell by 22% in Hong Kong trading to HKD 279.80. Norges Bank reduced its holdings by 113,100 shares on July 24 at a price of about HKD 303.91 per share, totaling approximately HKD 34.37 million. The holding ratio after the reduction is 8.61%. This news may further impact market sentiment, leading to price fluctuations. 3. No other significant news recently. Market attention on XMC has increased, leading to active trading. TianYue Advanced rose by 7.25%, with a trading volume of HKD 169 million, and there has been no significant news recently. Trading is active, with clear capital flows. Considering the sector and industry trends, the stock shows significant volatility, and specific reasons need further observation. Xinyi Solar rose by 0.45%. Based on recent news: 1. On July 29, the State Administration for Market Regulation announced that it would conduct price compliance guidance activities for the photovoltaic industry this Friday, aiming to curb irrational competition. This news boosted the overall performance of the photovoltaic industry, leading to a rise in Xinyi Solar's stock price. 2. On July 29, the overall performance of Hong Kong stocks was strong, with the Hang Seng Index rising by 1.4%. Photovoltaic stocks performed well along with the market, and Xinyi Solar's stock price opened high and continued to rise. 3. On July 29, the photovoltaic industry association and related enterprises participated in a meeting, with market expectations that industry cost accounting will become more standardized, enhancing investor confidence and driving up Xinyi Solar's stock price. The overall performance of Hong Kong stocks is strong, and the outlook for the photovoltaic industry is positive. **Stocks with High Market Capitalization in the Industry** Hantian Tiancheng rose by 0.21%. Based on recent key news: 1. On July 30th, the market's repricing of AI-related companies drove up Hantian Tiancheng's stock price. Due to the company's successful pivot to the AI sector, the market reassessed its position in the value chain, leading to an increase in stock price. 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