Hong Kong Stock Market Midday Review | Hang Seng Index fell 1.38% in the morning session, while memory chips rose agains…

The Hong Kong Hang Seng Index fell 1.38% to 23,088 points in the morning session, while the Hang Seng TECH Index dropped 1.67%. The storage chip sector rose against the trend, boosted by Micron's better-than-expected performance and supercycle expectations; PCB concept stocks continued to rise, with KINGBOARD HLDG raising prices five times this year. The lithium battery concept collectively declined, with falling lithium carbonate prices dragging down Ganfeng Lithium and other stocks. In addition, AI-related stocks such as ILUVATAR COREX and INSILICO rose, while Trip.com Group plummeted over 10% due to slowing growth expectations for the second quarter

According to Zhitong Finance APP, the Hong Kong stock Hang Seng Index fell by 1.38%, down 323 points, closing at 23,088 points; the Hang Seng TECH Index dropped by 1.67%. The turnover of Hong Kong stocks in the morning session was HKD 174.3 billion.

The storage concept stocks collectively rose. Micron's performance and guidance greatly exceeded expectations, further confirming the super cycle in storage. The Southern 2x Long Samsung Electronics (07747) rose by 9.7%; the Southern 2x Long SK Hynix (07709) increased by 16%; Lanqi Technology (06809) rose by 4%; and Zhaoyi Innovation (03986) increased by 7%.

ILUVATAR COREX (09903) rose by 8.5% to reach a new high, benefiting from strong demand and supply for AI computing power and the increase in GPU localization rate.

PCB concept stocks continued to rise. KINGBOARD HLDG has implemented five price increases this year, and Rubin may start stocking up ahead of full production. Guanghe Technology (01989) rose by 8%; KINGBOARD LAMINATES (01888) increased by 5.93%.

Shougang Longze (02553) rose nearly 7% to reach a new high, with on-site data center integration of CCUS technology becoming a new trend in the industry.

INSILICO (03696) rose by 9%, with the first AI-driven candidate drug Rentosertib set to enter Phase III clinical trials.

Haiqing Zhiyuan (01392) rose over 7%, as the global multispectral AI market is entering a period of rapid expansion, with the company positioned in high-value scenarios.

Changfei Optical Fiber and Cable (06869) rose over 7%, driven by the high prosperity of the optical fiber industry under the AI super cycle.

Lithium battery concept stocks collectively fell. Lithium carbonate has dropped nearly 50,000 yuan/ton in a month and a half, with the market focusing on the resumption progress of the Jiangxia Wok. Ganfeng Lithium (01772) fell by 5.9%; Longpan Technology (02465) dropped by 5.65%.

Kejia Pharmaceutical-B (02171) fell over 10% again, with the world's first CAR-T therapy for solid tumors priced at 990,000 yuan per injection, expecting only 200 orders this year.

COSCO SHIPPING Energy (01138) fell over 6%, as the Strait's full passage remains long and obstructed, with compliant shipowners still cautious.

Trip.com Group-S (09961) fell over 10%, with adjusted EBITDA rising by 13.7% in the first quarter, while the growth rate of net revenue in the second quarter is expected to slow to 3%-8%