Hong Kong shares rose through the morning session; HSI +2.02% and Hang Seng Tech
Index +1.72% at midday. Gold miners led gains: Lingbao Gold (03330.HK) +9%+,
Chifeng Gold (06693.HK) +8%+. Mainland broker stocks advanced: Hongye Futures
(03678.HK) +11%+, CITIC Securities (06030.HK) and China International Capital Co
(03908.HK) both +6%+. Innovative drug/biotech names rallied: 06990.HK +7%+,
09926.HK +5%+, Hengrui Medicine (01276.HK) +4%+. Wind power, commercial space,
power equipment, robotics, lithium battery and China domestic bank sectors
outperformed. Large-model AI names were mixed: Zhipu +3%+, MINIMAX-W (00100.HK)
-5%+. PCB complex rolled over after an early pop: Kingboard Laminates (01888.HK)
-5%+, Kingboard (00148.HK) -4%+.