--- title: "Hong Kong stocks closed (08.05) | The Hang Seng Index rose by 0.24%, gold stocks and computing power concepts strengthened, Techtronic Industries surged over 8% after earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/294934197.md" description: "Affected by the dawn of US-Iran talks, the three major indices of the Hong Kong stock market closed higher collectively. The Hang Seng Index rose by 0.24%, and the Hang Seng TECH Index increased by 0.97%. Gold stocks and computing power concepts strengthened, with Techtronic Industries rising over 8% after a significant increase in performance, and CMOC and LAOPU GOLD also performing strongly. Soochow Securities pointed out that if the performance of AI in the US stock market improves in the mid and downstream sectors, it is expected to drive the recovery of the technology sector in the Hong Kong stock market" datetime: "2026-08-05T08:40:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294934197.md) - [en](https://longbridge.com/en/news/294934197.md) - [zh-HK](https://longbridge.com/zh-HK/news/294934197.md) --- # Hong Kong stocks closed (08.05) | The Hang Seng Index rose by 0.24%, gold stocks and computing power concepts strengthened, Techtronic Industries surged over 8% after earnings According to Zhitong Finance APP, there is a glimmer of hope in the US-Iran talks, and the three major indices of the Hong Kong stock market showed a strong performance today, with all three indices closing higher. By the end of trading, the Hang Seng Index rose by 0.24% or 62.9 points to 25,915.82 points, with a total turnover of HKD 278.043 billion; the Hang Seng China Enterprises Index rose by 0.34% to 8,603.73 points; the Hang Seng Tech Index rose by 0.97% to 4,933.07 points. Dongxing Securities believes that the AI hardware market led by US stocks has shown initial signs of rebound. In the short term, funds may not significantly shift back to tech hardware but may divert some attention from Hong Kong stocks. If the performance of mid-to-lower stream AI companies in the US is good and creates a diffusion market, it could benefit the linkage repair of the Hang Seng Tech Index—Hong Kong stocks have valuation advantages and policy support in AI applications, internet platforms, and domestic computing power chains, which are expected to attract some capital back. ## **Blue Chip Performance** Techtronic Industries (00669) surged after its earnings report. By the end of trading, it rose by 8.12% to HKD 143.8, with a turnover of HKD 1.656 billion, contributing 24.14 points. Techtronic Industries announced that in the first half of 2026, revenue grew by 5.9% to USD 8.3 billion, and net profit grew by 17.5% to USD 738 million. After adjustments, the global MIL WAUKEE business grew by 10.5% in local currency. Additionally, sales of the RYOBI brand increased by 1.7% in local currency to USD 1.9 billion. In other blue chip stocks, CMOC (03993) rose by 8.65% to HKD 18.47, contributing 8.49 points to the Hang Seng Index; LAOPU GOLD (06181) rose by 6.71% to HKD 340.2, contributing 2.08 points; HSBC Holdings (00005) fell by 2.64% to HKD 162.1, dragging down the index by 62.29 points; CNOOC (00883) fell by 2.63% to HKD 22.96, dragging down the index by 14.75 points. ## **Popular Sectors** On the market, large tech stocks generally rose, with Alibaba up nearly 2% and Tencent up nearly 1%; the resonance of domestic and foreign demand boosted the computing power sector, with most computing power concept stocks strengthening; progress in US-Iran negotiations led to a surge in gold stocks, with Zhaojin Mining rising over 7%; copper stocks followed the strength of commodities, with CMOC rising nearly 10%; the official release of national standards for autonomous driving system safety improved the outlook for smart driving concept stocks. On the other hand, rumors of US bans disturbed the optical module concept, with Zhongji Xuchuang opening significantly lower this morning before narrowing its losses, ultimately closing down 5.18%. **Gold and copper stocks led the gains**. By the end of trading, China Gold International (02099) rose by 13.11% to HKD 205.4; Lingbao Gold (03330) rose by 10.56% to HKD 21.56; Zijin Mining International (02259) rose by 10.16% to HKD 129; CMOC (03993) rose by 8.65% to HKD 18.47. On August 5, international gold prices experienced a rebound, with spot gold briefly breaking through USD 4,170 per ounce, and New York futures gold standing above the USD 4,200 mark. On August 4, US President Trump stated in an interview with Fox News that the Strait of Hormuz would be "opened soon," or else Iran would face "severe consequences." Previously, U.S. Treasury Secretary Janet Yellen stated that an agreement regarding the Strait of Hormuz could be reached on the 4th or 5th. Additionally, the Bank of Korea announced on August 3rd that it would resume gold purchases for the first time since suspending them in February 2013, planning to buy gold from domestic producers and acquire U.S. gold ETFs, further strengthening global gold allocation demand. Moreover, the tightening of U.S. imports has constrained global supply, with LME three-month copper prices breaking the $14,000 mark for the first time since June 3rd. Reports indicate that refined copper is flowing into the U.S. at the fastest pace in 12 years, with over 200,000 tons of refined copper arriving in the U.S. in July, setting a new record since maritime shipping records began. Analysts point out that the current U.S. copper hoarding is primarily driven by expectations of tariff policies and trade flow distortions due to cross-market arbitrage, compounded by the continuous rise in copper's strategic value. **The performance of autonomous driving concept stocks is impressive.** As of the close, Zhejiang Shibao (01057) rose 15.22% to HKD 4.505; Youjia Innovation (02431) rose 6.52% to HKD 4.575; Hesai-W (02525) rose 3.16% to HKD 17.97. The mandatory national standard "Safety Requirements for Autonomous Driving Systems of Intelligent Connected Vehicles" has been officially released and is set to be implemented on July 1, 2027. This standard applies to M and N category vehicles equipped with L3 and L4 level autonomous driving systems and does not apply to automatic parking systems. It establishes a safety requirement system from four dimensions: safety assurance throughout the enterprise lifecycle, dynamic driving task execution capability, human-machine interaction notification, and multi-dimensional inspection and testing, clarifying a unified safety access baseline for autonomous driving products. **Computing power concept stocks show strong performance.** As of the close, Biren Technology (06082) rose 12.93% to HKD 37.9; Zhaoyi Innovation (03986) rose 5.7% to HKD 486; Hua Hong Semiconductor (01347) rose 4.74% to HKD 141.5; Guangdong-Hong Kong-Macau Intelligent Computing (01396) rose 4.66% to HKD 11. Recently, the resonance of computing power demand both domestically and internationally has led to a continuous upturn in the industry. Last week, the cloud businesses of Amazon, Alphabet, Microsoft, and Meta continued to grow rapidly, further raising or maintaining high capital expenditures, with the total capital expenditure of the four giants expected to reach approximately $750 billion by 2026. Domestically, data from the China Academy of Information and Communications Technology shows that in the first quarter of 2026, domestic AI computing power demand increased by 417% year-on-year, while effective supply growth was only 128%, leading to a widening supply-demand gap. Meanwhile, policies are also continuously ramping up. The domestic "14th Five-Year Plan" anticipates a direct investment of 4 trillion yuan in computing power network construction, further heating up industry prosperity. **U.S. ban disrupts optical module concept stocks.** As of the close, Zhongji Xuchuang (03308) fell 5.18% to HKD 1116; Cambridge Technology (06166) fell 4.7% to HKD 82.15. After the market closed yesterday, there were reports that the U.S. Federal Communications Commission (FCC) is drafting a ban aimed at prohibiting the import of new models of data center components from China, including optical modules. On the same day, according to China News Network, a reporter called the secretarial offices of Zhongji Xuchuang, New Yisheng, and Tianfu Communication as an investor. The staff at Zhongji Xuchuang's secretarial office stated that the company has noted the relevant market information and confirmed that the U.S. Federal Communications Commission has not yet issued restrictive documents in this field The person in charge stated, "Since the Federal Communications Commission has not issued any restrictive documents in this area, the company will not comment on the related rumors." ## **Popular Volatile Stocks** **Long Resources (01712)** **issues a profit warning**. As of the close, **up 41.06%, at HKD 7.025.** Long Resources expects a net profit of approximately AUD 60 million to 65 million for the first half of the year, an increase of 3.7 to 4.1 times compared to AUD 12.69 million in the same period last year, mainly benefiting from the rise in the average gold price, improved ore grades and gold recovery rates at the Vammala plant boosting production, positive contributions from processing gold-bearing ore from Sweden's Botnia, and gains from the sale of Aurion shares. **Haizhi Technology Group (02706)** **surges sharply**. As of the close, **up 42.89%, at HKD 54.5.** Palantir announced its second-quarter financial report, with revenue soaring 94% year-on-year and significantly raising its full-year sales forecast to USD 8.16 billion. Analysts pointed out that Palantir's "core + FDE" model has successfully run through, confirming that industrial AI and "sovereign AI" are the core directions. As the "Chinese version of Palantir," Haizhi Technology is also deeply engaged in "model integration" and industrial-grade intelligent agents, and Palantir's explosive performance directly provides the strongest overseas benchmark verification for its technical route and business logic. **MINIMAX-W (00100)** remains strong throughout the day. As of the close, **up 10.25%, at HKD 253.8.** As of August 4, within 24 hours of the release of MiniMax's latest open-source model H3, over 100 domestic and international partners have completed Day 0 adaptation and access, covering multiple ecological links such as chips, developer communities, cloud inference platforms, and AI application companies, achieving phased progress in open-source ecological construction. **SanHuan Group (06951)** **rises again**. As of the close, **up 6.94%, at HKD 111.** Leading Japanese and Korean manufacturers such as Murata, Samsung Electro-Mechanics, and Taiyo Yuden have successively raised prices for high-end high-capacity MLCCs for AI servers and automotive applications, with increases ranging from 15% to 30%. 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