Alibaba (09988.HK) surged 10% with turnover exceeding HK$11 billion.

Hong Kong stocks rose through the morning session. Hang Seng Index gained 2.38% to 24,057.24; Hang Seng TECH Index climbed 4.34% to 4,702.77 by midday. Chip, AI/compute and broader tech names led; oil & gas also firmer while pork producers and solid-state battery stocks lagged. Notable movers: Zhipu (02513.HK) +18%, Shandong Molong (00568.HK) +14.6%, Kingsoft Cloud (03896.HK) ~+12%, Huahong Hongli (01347.HK) and Alibaba (09988.HK) >+8%, SMIC (00981.HK) and SenseTime (00020.HK) >+7%, Kuaishou (01024.HK) +6.8%. Decliners included Longpan Technology (02465.HK) -8.7%, Tongrentang Elderly Care (02667.HK) -6%, Ganfeng Lithium (01772.HK) and UBTECH (09880.HK) -4.2%. Five new listings showed mixed debut performance: Baogai New Materials (08090.HK) +0.64%, MOMENTA-W (06880.HK) +3.45%, Econtrol Zhijia (07687.HK) +5.04%, Basic Semiconductor (09971.HK) +13%, Ruiwei Technology (07656.HK) -4.8%.

美元指數DXY短線走高10點，向上觸及101，日內漲0.13%。