Hong Kong close: Hang Seng Index (HSI) -0.04%, Hang Seng TECH Index +1.32%. Chip
stocks led gains: 01347.HK and 06809.HK each rose >17%; 03986.HK, 06082.HK,
09903.HK and SMIC (00981.HK) gained >10%. AI-related stocks jumped—02513.HK
~+37%, 03317.HK ~+17%, MINIMAX-W (00100.HK) >+15%. PCB plays
outperformed—01888.HK +12%, 00148.HK +9%. Top-performing sectors included
optical communications, gold, non-ferrous metals, brain–computer interfaces,
power equipment and commercial aerospace; laggards were oil, department stores,
mainland banks, mainland property, film and coal.