By midday the Hang Seng Index was up 0.03% and the Hang Seng Tech Index rose 1.83%. AI names led gains: Zhipu (02513.HK) +25%+, MINIMAX-W (00100.HK) +11%+. Chip stocks extended their rally: Huahong Hongli (01347.HK) +17%+, Zhaoyi Innovation (03986.HK) +13%+, Lanqi Technology (06809.HK) +10%+, SMIC (00981.HK) +8%+. Optical-communications names were active: Xizhi Technology-P (01879.HK) +11%+, Cambridge Technology (06166.HK) +5%+. Sector winners included PCB, power equipment, brain‑computer interf

By midday the Hang Seng Index was up 0.03% and the Hang Seng Tech Index rose 1.83%. AI names led gains: Zhipu (02513.HK) +25%+, MINIMAX-W (00100.HK) +11%+. Chip stocks extended their rally: Huahong Hongli (01347.HK) +17%+, Zhaoyi Innovation (03986.HK) +13%+, Lanqi Technology (06809.HK) +10%+, SMIC (00981.HK) +8%+. Optical-communications names were active: Xizhi Technology-P (01879.HK) +11%+, Cambridge Technology (06166.HK) +5%+. Sector winners included PCB, power equipment, brain‑computer interface, paper, wind power and gold. Laggards were oil, coal, innovative-drugmakers, mainland banks, mainland property and new-consumption stocks.