At midday the HSI was up 0.67% and the Hang Seng Tech Index rose 1.74% after
opening higher and earlier trading more than 2% up. Chip stocks led gains:
Tianshu Zhixin (09903.HK) rose over 13%, Biren Technology (06082.HK) rose about
9%, Huahong Hongli (01347.HK) rose about 6%. Optical-communications names
outperformed, led by Xizhi Technology‑P (01879.HK) up about 17%. AI names
rebounded—MINIMAX‑W (00100.HK) +13%, Zhipu Technology (02513.HK) +6%. Other
strong sectors included liquid cooling, innovative drugs, telecom equipment,
Chinese brokers, ADAS, commercial space and new consumption. Weak sectors in the
morning session included coal, dairy, batteries, building materials & cement,
and ports & logistics. Lenovo Group (00992.HK) jumped over 7%; market
capitalization topped HK$450bn, a record high.