After an early dip Hong Kong stocks recovered; Hang Seng Index (HSI) was up
0.16% at midday and the Hang Seng Tech Index rose 1.61%. New-consumer names
outperformed—Miniso (09896.HK) +5%, 00325.HK +4%—while EVs and related stocks
strengthened: Xiaomi Group (01810.HK) +5%, NIO-SW (09866.HK) +4%. Internet
leaders were active—Meituan (03690.HK) +4%, Alibaba (09988.HK) +3%. Artificial
intelligence, power, oil, food, agriculture and PCB sectors were among top
gainers; innovative drugs, OLED, mainland banks, nonferrous metals, chips and
optical-communications underperformed. Duiba (01753.HK) surged ~43% after saying
its AI short-drama business is expected to produce net profit in July, August
and September 2026 consecutively.
