--- title: "HK Midday: Hang Seng Inches Up 0.3%; Solar Stocks Surge, Alibaba Jumps Over 6%" type: "News" locale: "en" url: "https://longbridge.com/en/news/294649427.md" description: "HSI up 83 pts at 25,968; solar stocks roar on policy tailwinds, Xinyi Solar rallies 11%+. Alibaba gains 6%+ on Qwen3.8-Max launch. Angelalign soars nearly 18% on profit alert." datetime: "2026-08-03T06:27:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294649427.md) - [en](https://longbridge.com/en/news/294649427.md) - [zh-HK](https://longbridge.com/zh-HK/news/294649427.md) --- # HK Midday: Hang Seng Inches Up 0.3%; Solar Stocks Surge, Alibaba Jumps Over 6% Hong Kong markets held narrow gains in afternoon trading on August 3, with the Hang Seng Index hovering near the 26,000 mark. As of the latest update, the Hang Seng Index rose **0.32%** or **83.57 points** to **25,968.00**; the Hang Seng Tech Index advanced **0.79%** to **4,867.39**; and the HSCEI added **0.32%** to **8,639.53**. Solar stocks exploded higher on policy support, AI-related names were active, while healthcare and semiconductor plays diverged. **Solar Stocks Surge Broadly; Xinyi Solar Up Over 11%** Xinyi Solar (00968.HK) surged over **11%** to **HK$2.45**; Flat Glass Group (06865.HK) jumped over **11%** to **HK$7.73**; GCL Technology (03800.HK) rallied more than **9%** to **HK$0.665**; Xinte Energy (01799.HK) climbed nearly **5%** to **HK$4.06**. The State Administration for Market Regulation recently conducted price compliance guidance for the solar industry in Yancheng, Jiangsu, urging a shift from price wars to quality-driven competition and steering enterprises toward high-quality development. The market expects the industry's competitive landscape to improve, with leading players set to benefit first. **AI Stocks Advance; Alibaba Jumps Over 6%, Leading Tech Gains** Alibaba (09988.HK) surged over **6%** to **HK$124.7**; Baidu (09888.HK) rose nearly **4%** to **HK$109.9**; Tencent (00700.HK) gained over **2%** to **HK$487**; Kuaishou (01024.HK) added over **2%** to **HK$44.72**; Kingsoft Cloud (03896.HK) climbed more than **5%** to **HK$6.125**. Alibaba's Qwen team announced the official launch of Qwen3.8-Max, its most powerful new model, with **2.4 trillion** total parameters and top-tier global performance benchmarks; model weights will be open-sourced next week. The enterprise-grade Agent product "Qwen Office" simultaneously entered public beta. Alibaba shares surged more than **7%** intraday on the news. **Healthcare Stocks Slide; Genscript Tumbles Over 9%** Genscript Biotech (01548.HK) slumped over **9%** to **HK$16.41**; Hansoh Pharmaceutical (03692.HK) fell nearly **3%** to **HK$31.24**; Sino Biopharmaceutical (01177.HK) declined over **2%** to **HK$4.925**; CSPC Pharmaceutical (01093.HK) edged down nearly **2%** to **HK$8.445**. The 12th round of national centralized drug procurement opened bids, with all **65** drugs on the list successfully selected. The sector broadly weakened amid expectations of price cuts from the centralized procurement scheme. **Semiconductor Names Diverge; SMIC Down Over 2%** SMIC (00981.HK) dropped over **2%** to **HK$61.75**; Hua Hong Semiconductor (01347.HK) fell nearly **2%** to **HK$126.1**; Zhipu (02513.HK) slid nearly **6%** to **HK$928.5**. Meanwhile, Iluvatar CoreX (09903.HK) rose over **2%** to **HK$435.4**. Nvidia's announcement that CPO technology is entering mass production boosted optical communication names, but Hong Kong semiconductor stocks were mixed overall, with AI-related names that had rallied sharply seeing profit-taking. **Angelalign Soars Nearly 18% on Profit Alert** Angelalign Technology (06699.HK) rocketed nearly **18%** to **HK$94.2**, hitting an intraday high of **HK$97**. The company issued a positive profit alert, projecting substantial first-half earnings growth. Elsewhere, China Hongqiao (01378.HK) fell nearly **7%** to **HK$22.84**; Xiaomi (01810.HK) declined over **3%** to **HK$27.74**, with JPMorgan flagging risks to the full-year EV delivery target for its new EREV SUV. Mainland bank stocks were broadly soft: CCB (00939.HK) dipped **0.3%**, ICBC (01398.HK) lost **0.4%**, and Bank of China (03988.HK) shed **0.6%**. Among property names, Sunac China (01918.HK) rose nearly **4%**, while Country Garden (02007.HK) inched up **0.6%**. New-energy vehicle stocks were mixed: BYD (01211.HK) gained nearly **1%**, Li Auto (02015.HK) fell over **2%**, and XPeng (09868.HK) dropped more than **3%**. ### Related Stocks - [06865.HK](https://longbridge.com/en/quote/06865.HK.md) - [03800.HK](https://longbridge.com/en/quote/03800.HK.md) - [01799.HK](https://longbridge.com/en/quote/01799.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [03896.HK](https://longbridge.com/en/quote/03896.HK.md) - [01548.HK](https://longbridge.com/en/quote/01548.HK.md) - [03692.HK](https://longbridge.com/en/quote/03692.HK.md) - [01177.HK](https://longbridge.com/en/quote/01177.HK.md) - [01093.HK](https://longbridge.com/en/quote/01093.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) - [06699.HK](https://longbridge.com/en/quote/06699.HK.md) - [01378.HK](https://longbridge.com/en/quote/01378.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [01398.HK](https://longbridge.com/en/quote/01398.HK.md) - [03988.HK](https://longbridge.com/en/quote/03988.HK.md) - [01918.HK](https://longbridge.com/en/quote/01918.HK.md) - [02007.HK](https://longbridge.com/en/quote/02007.HK.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [02015.HK](https://longbridge.com/en/quote/02015.HK.md) - [09868.HK](https://longbridge.com/en/quote/09868.HK.md) ## Related News & Research - [Kuaishou Technology: AI-driven growth and Kling AI's surge fueled Q2 profit and revenue gains amid macro headwinds](https://longbridge.com/en/news/296364665.md) - [Baidu Analysts Slash Their Forecasts After Weak Q2 Results](https://longbridge.com/en/news/296374968.md) - [Kingsoft Cloud: Record revenue and first positive operating margin, led by strong AI cloud growth](https://longbridge.com/en/news/296335179.md) - [Zhipu AI’s answer to Project Glasswing marks shift for Chinese cyber safety](https://longbridge.com/en/news/296208292.md) - [Z.ai says GLM-5.3 nears Anthropic in cyber defense as coding gains accelerate](https://longbridge.com/en/news/296406494.md)