The Hang Seng Index closed up 2.99% at 24,199.46, the Hang Seng Tech Index rose 4.97% to 4,731.02. Market turnover was HKD 375.835 bln. AI large-model names and broader tech led gains; solid-state battery and PCB sectors lagged. Notable movers: Kingsoft Cloud (03896.HK) +14.5%, Zhipu AI (02513.HK) +13%, Shandong Molong (00568.HK), SenseTime (00020.HK), Alibaba (09988.HK) and MINIMAX-W (00100.HK) around +12%, Xiaomi (01810.HK) +9.5%, Kuaishou (01024.HK) near +9%. Laggards included Longpan Technol

The Hang Seng Index closed up 2.99% at 24,199.46, the Hang Seng Tech Index rose 4.97% to 4,731.02. Market turnover was HKD 375.835 bln. AI large-model names and broader tech led gains; solid-state battery and PCB sectors lagged. Notable movers: Kingsoft Cloud (03896.HK) +14.5%, Zhipu AI (02513.HK) +13%, Shandong Molong (00568.HK), SenseTime (00020.HK), Alibaba (09988.HK) and MINIMAX-W (00100.HK) around +12%, Xiaomi (01810.HK) +9.5%, Kuaishou (01024.HK) near +9%. Laggards included Longpan Technology (02465.HK) down ~13%, Kingboard Holdings (00148.HK) down >12%, Ganfeng Lithium (01772.HK) down >7%, Kingboard Laminates (01888.HK) -4.6%.