Hong Kong stocks closed higher; HSI up 1.93% and Hang Seng Tech Index up 1.06%
after both rallied more than 2% intraday. Base metals led gains: Luoyang
Molybdenum (03993.HK) +12%, China Gold International (02099.HK) +8%, Zijin
Mining (02899.HK) +7%. Airlines outperformed with China Eastern (00670.HK) +8%
and China Southern (01055.HK) +5%. Chinese broker shares rose; China
International Capital Co (03908.HK) +6%. Biotech names were active: 02696.HK
+10%, 09969.HK +7%. Other strong sectors included domestic banks, ports &
transport, power equipment, new consumption, NEV makers, and building
materials/cement. Semiconductor names weakened after a high open; GigaDevice
(03986.HK) -4%. Themes lagging included brain–computer interface, PCB, OLED,
telecom equipment, commercial space and optical communications. Select movers:
Li Auto (02015.HK) +7%; MINIMAX-W (00100.HK) -8.97%, marking its lowest close
since Jan. 27, 2026 and off more than 70% from its YTD peak of 1,330 per share.
